Shantel
Key Takeaways:
- The Travel Tech Titans Awards has recognized 18 startups out of nearly 200 nominations for redefining the future of travel and hospitality.
- These companies, representing 21 countries, have collectively raised $6.9 billion and employed over 12,000 people.
- 70% of the nominated companies focus on infrastructure and data, addressing underinvestment in the travel sector.
- The 18 winners cover all facets of the travel tech industry, including back-end infrastructure, industry tools, tours, accommodation, and transportation.
- The awards were organized by global venture capital firms, F-Prime Capital and Eight Roads.
Understanding The Travel Tech Titans
The Travel Tech Titans Awards were created to honor the innovative startups and scale-ups reshaping the future of travel and hospitality. Out of nearly 200 nominations, a panel of judges including tech investors, industry executives, and experienced founders, selected 18 companies as winners. These nominees represent 21 countries, employ over 12,000 individuals, and have collectively raised $6.9 billion.
The award, launched by venture capital firms F-Prime Capital and Eight Roads, recognizes these organizations’ exceptional contributions, especially those addressing the travel sector’s longstanding issue of underinvestment in technology and customer experience.
Gaurav Tuli, Partner at F-Prime Capital, stated, “Global enthusiasm for travel post-pandemic has exposed the many challenges surfaced after years of delaying investment in technology and customer experience. We wanted to shine a spotlight on these disruptive startups.”
A Spectrum of Innovations
The 18 Travel Tech Titans demonstrate the broad range of innovation in the travel tech industry. The winners span from early-stage companies, such as BTP Automation and Grapevine, to late-stage organizations like Hopper and TravelPerk, reflecting the depth and variety of the sector’s emerging technologies.
Lucile Cornet, Partner at Eight Roads, expressed confidence in these startups’ abilities to address the sector’s new challenges, including staff shortages, transition to carbon neutrality, changing customer behaviors, and large tech companies’ attempts to enter the travel distribution game.
Celebrating the Winners
Here are the winners divided by their stages of funding:
Early Stage Winners (0-$10M in funding)
- BTP Automation
- Deal Engine
- Grapevine
- NeoKe
- NLX
- Thrust Carbon
Mid Stage Winners ($10-$50M in funding)
- Amenitiz
- Canary Technologies
- Fora
- Point.me
- Sensible Weather
- Sherpa
Late Stage Winners ($50M+ in funding)
- Cloudbeds
- Hopper
- Mews
- OTA Insight
- Selfbook
- TravelPerk
These winning startups will undoubtedly play a crucial role in shaping the future of the travel and tourism industry.
About the Organizers
F-Prime Capital is a global venture capital firm investing in technology and healthcare, managing $4.5 billion of assets. Eight Roads Ventures is also a global venture capital firm managing $11 billion of assets across offices in the UK, China, India, Japan, and the US. Both firms have a rich history of partnering with entrepreneurs to build groundbreaking companies, including several successful investments in the travel and hospitality tech sector.
