Travel platform Exoticca, which specializes in large international travel, has raised $30 million (about 25 million euros) in a funding round led by 14W Funds and Mangrove Capital Partners involving Aldea Ventures and investors such as Milano Investment Partners, K Fund, Bonsai Partners, Kibo and Sabadell Venture Capital.
General Manager, Perry Vallis, comments that the money will be invested in products and technology. We will increase the number of destinations from 50 to 75, with a focus on travel in Europe. We will also allocate resources to improve the digitization of the process.” The company also plans to grow geographically. We want to enter Latin America starting with Mexico, Colombia, Peru and Chile.
Exoticca currently operates in six markets, the United States – which alone accounts for 70% – Spain (5%), the United Kingdom, Canada, France and Germany. Vallis stresses that he did not overly notice the pandemic crisis due to the boom in the United States this year, and plans to pay 75 million, compared to 42 million in 2020 and 48 million in 2019. The company employs 140 people and expects to reach 200 in 2021. Recently, She opened a branch in Miami with 5 people.
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