The investment includes participation from HSBC Asset Management, Deutsche Bank CVC, SIX FinTech Ventures, and Anthemis.
"With this new injection of very supportive capital,TAINA is looking forward to achieving a number of objectives on its mission to grow as the Bestin-Class Platform for the industry, for an expanding range of Regulations, Geographies and Market Segments"
Spark Capital led the Series A round, which will fund US expansion and team growth.
"Steven, Hussam and the 9fin team are updating an industry that desperately needs it. They’ve made so much progress out of their London office, we’re excited to see them take on the US and continue growing with new customers."
The investment was co-led by Novum Capital Partners and Fifth Wall to support international expansion and product development.
"From the first meeting, we were completely bought into Vivi and Karolina’s vision. AltoVita is one of the most capital efficient operations that I’ve seen in many years and the growth AltoVita has achieved is rare, particularly within the current market challenges. The company brings a truly unique offering to the corporate travel market and we couldn’t be happier to see the progress that the team has made over the past year. Our recent investment will give AltoVita the firepower to scale its vision into new markets, and continue to develop its seamless solution for the fragmented corporate accommodation sector."