Observed Signal · Aug 1, 2024 · Funding · Source: Tech.eu · Impact: 2/5 · Sentiment: Positive
UK's Lovetovisit raises €3.8M to expand family-friendly travel platform
Cardiff-based travel platform Lovetovisit has raised €3.8 million in venture capital funding to expand its family-friendly booking platform. Founded in 2021 by twin sisters Georgia and Alice Aubrey and tourism expert Fed Pereira, the platform helps families discover and book local activities, events, and attractions. With over 2,700 products and 3.2 million users, Lovetovisit offers real-time ticket purchasing via its proprietary API. The funding round was led by Venrex and Redrice Venture, with participation from Active Partners and Velocity Partners. The company plans to double growth and inventory year-on-year, enhance its AI capabilities, and scale internationally. Lovetovisit has generated £7.4 million in revenue to date.
Funding round for a consumer travel booking platform with AI features; relevant to e-commerce and AI in consumer apps, but not directly impacting AdTech.
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Key Takeaways & Evidence Grounding
- Lovetovisit raised €3.8 million in venture capital funding.
- The round was led by Venrex and Redrice Venture, with Active Partners and Velocity Partners participating.
- Lovetovisit has over 2,700 products and reaches 3.2 million users.
- 80% of experiences offered are unique to the platform.
- The company reported £7.4 million in revenue.
Ontology Mapping & Concepts
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