The travel and hospitality technology landscape continues to attract significant investment, with six key startups recently closing substantial funding rounds. While the original estimate pointed to $53 million, a closer look at funding activity reveals that the actual total has surged beyond $110 million.
These startups, hailing from regions including Latin America, Europe, and Asia, are redefining everything from corporate travel logistics to sustainable tourism, hotel operations, and next-gen air transport.
Let’s explore how these innovative brands are shaping the future of travel.
Corporate Travel and Hotel Operations Lead the Charge
Onfly, a Brazil-based B2B travel tech platform, raised $40 million in Series B funding. The startup offers an all-in-one solution for managing business travel and expenses — from booking flights, hotels, buses, and rental cars, to issuing corporate cards and integrating with enterprise resource planning (ERP) systems. Onfly is also investing in artificial intelligence to further streamline operations and plans to expand into Mexico and other Latin American markets.
Meanwhile, LimoLane, an Italian company offering premium chauffeur services, secured €35 million (around $38.2 million). Targeting the business travel segment, LimoLane’s software and mobile app allow over 2,000 clients to book and manage executive transportation in real time across major cities worldwide. The fresh capital will fund both organic growth and strategic acquisitions, enhancing its presence in the global business travel space.
Innovative Aviation and Hospitality Startups Emerge
Volant Aviation Technology in Shanghai is pushing boundaries with its development of an electric vertical take-off and landing (eVTOL) aircraft designed to carry four passengers. Backed by 100 million yuan (about $13.8 million) in Series A funding, Volant aims to complete additional test flights and invest heavily in R&D. The firm’s ambition reflects the growing interest in low-emission, short-distance air transport.
In the hotel tech world, The Hyoosik, based in South Korea, closed an $11.5 million Series B round. The company provides a cloud-based hotel property management system (PMS) and also operates its own hospitality brand, “The Rest.” It currently supports over 1,100 small and mid-sized hotels, offering not only software but also hotel development and construction services. This vertical integration gives it a strong competitive edge in the Asian hospitality tech market.
Sustainable and Localised Travel Solutions
In London, flight-free travel specialist Byway raised £5 million ($6.5 million) in an oversubscribed Series A round. Byway curates sustainable, overland holidays across Europe, enabling travellers to explore scenic rail and ferry journeys while reducing their carbon footprint. The new funding will help Byway scale up its tech capabilities and expand across new European markets, tapping into rising demand for eco-conscious travel.
Finally, Centriti, an Indian startup focused on hospitality procurement, raised ₹60 million ($719,000) to scale its B2B marketplace. The platform enables hotels to source supplies directly from multiple vendors — a much-needed efficiency boost in markets where procurement is still largely manual. Major hotel chains such as Accor and Taj Hotels already use the platform, and further development is underway.
Together, these brands are not only solving real-world challenges across corporate and leisure travel — they are reshaping how the travel industry operates. As funding continues to flow into smart, sustainable solutions, the global travel experience is set to become more streamlined, innovative, and environmentally conscious than ever before.
