The seed round was led by 42CAP and will support global expansion and product development.
"Operational data has become increasingly abundant in recent years, yet its full potential has often gone untapped. We believe AI is the game-changer here,"
The funding round was led by Puma Private Equity with participation from Active Partners and Gresham House Ventures to expand international operations.
"TravelLocal has performed very strongly again coming out of the pandemic as people travel extensively – and increasingly with a strong desire to do so in a more sustainable, meaningful way, that supports local people and economies. Our unique business model enables everyone to do just that. This funding round reflects the excellent growth opportunity we now have, and the first class team we have built to tackle it."