Cloud-based booking platform Spotnana has secured an additional $75 million in its second round of funding to help accelerate development of its “travel as a service” portal.
The company, led by CEO Sarosh Waghmar and featured on BTN Europe’s 2022 Hotlist, received the extra money on top of the initial $41 million it had when it exited stealth mode in September 2021.
Spotnana’s latest Series B funding was led by US-based Durable Capital Partners, alongside original investors Madrona, Mubadala, ICONIQ Growth and Blank Ventures.
The company said the new funding would allow it to “accelerate” the development of the platform and grow its team.
Spotnana already has a host of well-known business travel personalities among its senior management and investors, including Concur founder Steve Singh, former HRG COO Bill Brindle and technology expert Johnny Thorsen. .
It works with TMCs, vendors, and technology partners to provide an open ecosystem with access to microservices and vendor content. Companies can contract directly with Spotnana or through their TMC.
Waghmar said in a blog announcing the new funding, “We are just getting started and will be sharing many more innovations in the months and years to come.
“The best part is that we’re not doing this alone. Other technology companies are already building on our infrastructure and delivering exciting new features to travelers.
“I would like to thank each of our more than 200 Spotters around the world. Your hard work, innovation and dedication are transforming the travel industry and creating better experiences for travelers around the world.
“I would also like to thank the investors and funders who support us in our mission to rebuild the infrastructure of the travel industry.”