Barcelona-based travel tech platform Exoticca has successfully closed a €60 million Series D funding round. Led by Quadrille Capital, a global investment firm focused on high-growth technology companies, the round also saw participation from new investors All Iron and ICF, alongside existing backers 14W, Mangrove, Bonsai, Sabadell, and Aldea.
Alejandra Duran Gil, Partner at Quadrille Capital, expressed enthusiasm for the investment: “Exoticca is revolutionizing the travel booking experience worldwide, significantly enhancing efficiency and affordability for travelers. Their strong financial foundation and exceptional execution are key to our investment thesis. We look forward to supporting their next phase of growth.”
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Innovative Approach to Multi-Day Tours
Exoticca aims to digitize the multi-day tour packages sector, a market worth over €100 billion that is traditionally dominated by low-digitization operators. This lack of digitization limits travel agencies from offering real-time pricing and availability, resulting in cumbersome and time-consuming booking processes for customers.
Using bespoke technology, Exoticca integrates all necessary services—flights, hotels, meals, transfers, transportation, and activities—into a seamless booking experience. This digitization has reduced booking times to minutes and slashed costs by around 30% compared to competitors.
Global Operations and Growth
Operating in the US, Canada, UK, France, Germany, Spain, Colombia, and Mexico, Exoticca has doubled its sales year-on-year since 2015. The company serves travelers in eight markets directly and through a network of partners, offering trips to over 70 destinations worldwide.
Exoticca enhances customer experiences with a Travel Concierge App and a real-time monitoring and automated response system for all package services.
Utilizing the New Capital
The newly raised funds will be used to enhance Exoticca’s platform by leveraging AI to improve product offerings, customer experience, and partner profitability. The company aims to build a leading global brand, expand into new markets, and accelerate platform adoption by traditional travel agencies and online travel partners.
Pere Vallès, CEO of Exoticca, commented on the funding: “While the rest of the travel industry has digitized, the multi-day tour space has remained stagnant, with customers stuck with inconsistent, time-consuming booking experiences. Exoticca’s mission is to bring multi-day tour packages into the digital age, making dream trips accessible and affordable to everyone. This new funding will accelerate our vision and allow us to substantially increase our investment in technology, product, and growth.”
With this significant investment, the spainish startup is poised to further transform the multi-day tour booking experience, driving innovation and growth in the travel industry.
