Travelocity Raises $120M in Series D

Travelocity has successfully raised $120M in a Series D at a $900M valuation led by Expedia Group.

Company Overview

Travelocity is a Travel company headquartered in Southlake, TX, founded in 1996 with 800+ employees.

Online travel agency

Fundraising Details

Amount Raised: $120M
Round Type: Series D
Valuation: $900M
Date: 2024-06-19
Investors: Expedia Group

About Travelocity

Online travel agency The company is positioned in the Travel sector, serving a growing market with innovative solutions.

Key Information

Headquarters: Southlake, TX
Founded: 1996
Team Size: 800+
Industry: Travel

What This Means

This funding round demonstrates strong investor confidence in Travelocity'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. Travelocity's successful fundraising reflects the strong fundamentals and growth potential in this space.

Valuation Milestone

Reaching a $900M valuation marks an important milestone for Travelocity, positioning the company among notable players in the Travel industry.

Looking Ahead

With this new capital, Travelocity 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.

This fundraising news was reported on 2024-06-19. For more information about Travelocity, visit their headquarters at Southlake, TX.