Barcelona-based travel tech company Exoticca has successfully closed a €60 million Series D funding round, marking a significant milestone in its mission to digitize and streamline the multi-day tour package industry. This substantial investment highlights the growing interest in innovative solutions within the travel sector and positions Exoticca for accelerated growth and expansion.

Funding Details

The funding round was spearheaded by Quadrille Capital, a global investment platform known for backing high-growth technology companies. New investors All Iron and ICF joined the round, alongside existing backers 14W, Mangrove, Bonsai, Sabadell, and Aldea. This diverse group of investors demonstrates strong confidence in Exoticca's business model and growth potential.

Exoticca's Unique Approach

Exoticca has distinguished itself in the €100 billion multi-day tour package sector by addressing a critical gap in digitization. Unlike traditional tour operators, Exoticca's platform connects various travel services - including flights, accommodations, meals, transfers, and activities - into a seamless, digitized booking process. This innovation has significantly reduced booking times and costs for customers, offering savings of up to 30% compared to competitors.

Key Features and Benefits

Exoticca's platform offers real-time pricing and availability for complex packages, streamlining the booking process and reducing transaction time to minutes. The company has also developed a comprehensive Travel Concierge App to enhance customer experience, along with an automated monitoring and response system for package services.

Market Impact and Growth

Since 2015, Exoticca has consistently doubled its year-on-year sales, emerging as a digital leader in its category. The company now offers trips to over 70 destinations worldwide, serving travelers across eight markets, including the United States, Canada, United Kingdom, France, Germany, Spain, Mexico, and Colombia.

Future Plans and Investment Utilization

With this new funding, Exoticca plans to enhance its platform through AI integration, improve product offerings and customer experiences, boost partner profitability, expand into new markets, and accelerate platform adoption among traditional travel agencies and online partners.

Industry Perspective

Exoticca's success comes at a time when the multi-day tour package sector, traditionally resistant to digitization, is ripe for disruption. The company's innovative approach addresses long-standing inefficiencies in the industry, promising to make complex travel planning more accessible and affordable for consumers worldwide.

Exoticca's €60 million Series D funding round represents a significant vote of confidence in the company's vision to transform the multi-day tour package industry. By leveraging technology to simplify and enhance the travel planning process, Exoticca is well-positioned to capture a larger share of the market and potentially reshape the future of complex travel bookings. As the company moves forward with its expansion plans and technological enhancements, it stands poised to make a lasting impact on the global travel industry.