Edreams Odigeo Raises $90M in Series B
Edreams Odigeo has successfully raised $90M in a Series B at a $800M valuation led by Permira.
Company Overview
Edreams Odigeo is a Travel company headquartered in Madrid, Spain, founded in 2011 with 1500+ employees.
Online travel agency
Fundraising Details
- Amount Raised: $90M
- Round Type: Series B
- Valuation: $800M
- Date: 2024-03-04
- Investors: Permira
About Edreams Odigeo
Online travel agency The company is positioned in the Travel sector, serving a growing market with innovative solutions.
Key Information
- Headquarters: Madrid, Spain
- Founded: 2011
- Team Size: 1500+
- Industry: Travel
What This Means
This funding round demonstrates strong investor confidence in Edreams Odigeo's vision and execution. The capital will likely be used to:
- Scale Operations: Expand the team and operational capacity
- Product Development: Enhance existing products and develop new features
- Market Expansion: Enter new markets and strengthen presence in existing ones
- Technology Investment: Invest in infrastructure and technology capabilities
Industry Context
The Travel sector continues to attract significant investment as companies innovate to meet evolving market demands. Edreams Odigeo's successful fundraising reflects the strong fundamentals and growth potential in this space.
Valuation Milestone
Reaching a $800M valuation marks an important milestone for Edreams Odigeo, positioning the company among notable players in the Travel industry.
Looking Ahead
With this new capital, Edreams Odigeo is well-positioned to execute on its growth strategy and continue building innovative solutions in the Travel space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.
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This fundraising news was reported on 2024-03-04. For more information about Edreams Odigeo, visit their headquarters at Madrid, Spain.
