The United States is warning travelers heading to Mexico to be aware of their surroundings ahead of the spring break holiday season.
10.02.2024 - 14:13 / skift.com / Justin Dawes
It was another busy week for travel startup funding, and this time it was all early rounds with lower amounts.
Eight industry startups from a variety of sectors and geographies announced fundraises of more than $30 million over the last week.
Cosmic Aerospace, which is developing an electric aircraft for flights of up to 600 miles, has raised $4.5 million in seed funding.
Pale Blue Dot led the round, with support from deep tech and fellow climate tech investors including Aera VC, Visionaries Club Tomorrow, Fifty Years, Possible Ventures, Syndicate One, Course Corrected, Understorey Capital, and Samurai Incubate.
Colorado-based Cosmic Aerospace said it is focused on developing a highly efficient airframe and propulsion system instead of relying on future battery improvements.
“The technology exists to build long-range electric aircraft, but needs to be developed into a commercial product that is certifiable in current and future regulatory frameworks,” the company said in a statement.
The startup plans to test its first flight in 2026 and begin service at the end of the decade.
Cosmic said it is in business deal discussions with various airlines and other key aviation industry stakeholders.
Naboo, a platform for booking corporate retreats, has raised $8.1 million (€7.5 million).
Investors included ISAI, Kima Ventures, Better Angle, CapHorn, and Maif Avenir.
Paris-based Naboo says clients can find and book many aspects of corporate retreats, including vacation homes, catering, activities, transportation, and more. Clients have included Chanel, Google, and Ikea, the company said.
The funding will go toward developing new features powered by AI.
CitySwift, a platform meant to streamline operations for bus companies, has raised $7.5 million (€7 million).
Gresham House Ventures led the round, with support from Act Venture Capital, Irelandia Aviation, Western Development Commission, and Mike McGearty.
Ireland based CitySwift said its tech can predict journey times and passenger demand by analyzing hundreds of factors, including traffic and events. Customers include private governmental bus operators.
The funding will go toward enhancing the platform and expanding business.
Holdbar, a platform for managings tours and activities operations, has raised $3.5 million in seed funding.
The round came from Seed Capital Denmark, Firstminute capital, Founderment, and a group of angel investors.
Denmark-based Holdbar said its platform can be used for online sales to individuals and groups, as well as payments, gift cards, guest communications, and marketing.
Ease My Vacations, a travel booking platform for the Indian market, has raised $3 million in seed funding.
Based in New Delhi, the startup said its
The United States is warning travelers heading to Mexico to be aware of their surroundings ahead of the spring break holiday season.
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New data showed that travel agencies in the United States set a new record in January for air ticket sales.