Rome2rio Raises $15M in Series B
Rome2rio has successfully raised $15M in a Series B at a $80M valuation led by Infocomm Investments.
Company Overview
Rome2rio is a Travel company headquartered in Melbourne, Australia, founded in 2011 with 50+ employees.
Multi-modal travel search
Fundraising Details
- Amount Raised: $15M
- Round Type: Series B
- Valuation: $80M
- Date: 2024-09-30
- Investors: Infocomm Investments
About Rome2rio
Multi-modal travel search The company is positioned in the Travel sector, serving a growing market with innovative solutions.
Key Information
- Headquarters: Melbourne, Australia
- Founded: 2011
- Team Size: 50+
- Industry: Travel
What This Means
This funding round demonstrates strong investor confidence in Rome2rio'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. Rome2rio's successful fundraising reflects the strong fundamentals and growth potential in this space.
Valuation Milestone
Reaching a $80M valuation marks an important milestone for Rome2rio, positioning the company among notable players in the Travel industry.
Looking Ahead
With this new capital, Rome2rio 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 2024-09-30. For more information about Rome2rio, visit their headquarters at Melbourne, Australia.
