Turneo secures €2m seed investment led by Bessemer Venture Partners to expand its hospitality platform.
The seed round was led by Bessemer Venture Partners with participation from Underline Ventures.
Turneo provides a software platform enabling hotels to manage and offer in-destination activities, tours, and transfers directly to guests. The company was founded in 2022 and is based in London.
Travel technology provider Turneo has secured €2m in a seed funding round led by Bessemer Venture Partners, with additional participation from Underline Ventures. The new capital will be used to scale operations, expand into international markets, grow the team, and deliver further product enhancements.
Founded in 2022, the London-based company offers a unified platform that allows hotels to manage in-house and partner activities, enabling guests to book experiences and transfers directly through hotel apps and websites. Recent data released by the firm indicates that properties using the platform see higher guest satisfaction ratings and strong online booking adoption.
The fresh investment arrives as the broader experiences and hotel activities sector experiences substantial growth, with market projections pointing to significant expansion over the decade. Turneo plans to utilise the backing from its new investors to cement its position in the hospitality software space and forge strategic partnerships across the global hotel network.
From the founder
"Travellers plan and book activities before arriving at their destination"
Fran Kauzlaric
Co-founder at Turneo
Investor perspective
"Historically, rooms were the main revenue driver for hotels. However, traveller preferences have changed dramatically over the last few years, and only selling rooms isn’t enough,"
Aditya Nidmarti
Investor and Board Director, Bessemer Venture Partners
Use of funds
- 01Expand into international markets
- 02Grow the team
- 03Continue product development
- 04Scale operations
