Home / Business / Emerging Travel Group makes $ 10 million investment from one Investment consortium led by the LVL1 group

Emerging Travel Group makes $ 10 million investment from one Investment consortium led by the LVL1 group

Dover, Delaware Emerging Travel Group (hereinafter "Company"), an international travel agency with RateHawk, ZenHotels and Ostrovok brands in over 100 source markets has completed a $ 10 million funding round funded by a technology entrepreneur Lev Leviev from the LVL1 Group and the Office of Co-Founders of Playrix Igor and Dmitri Bukhman. The investment is expected to accelerate the development and further international expansion of the Group.

The company's B2B brand, launched in 2016, RateHawk, is an online hotel booking platform for professional travel. The platform provides access to more than 1 million properties worldwide through its API and web product. The Group buys its capacity ̵

1; hotels, apartments and hostels – from 85 suppliers worldwide and from more than 29,000 direct contracts with hotels. RateHawk is used by over 9,500 professionals in Europe, the Middle East, South America and Africa. The company has employees in business development in 28 countries. The site is available in nine languages ​​- English, German, French, Italian, Spanish, Portuguese, Polish, Turkish and Russian.

RateHawks 2018 sales growth was over 300%. Last year, the service was launched in 21 new markets: Albania, Bulgaria, Croatia, Cyprus, Czech Republic, France, Greece, Hungary, Israel, Italy, Macedonia, Malta, Montenegro, Poland, Romania, Serbia, Slovakia, Slovenia South Africa, Turkey and the United Kingdom .

The company plans to more than double its international workforce to scale RateHawk and continue its technology investment.

Emerging Travel Group CEO Felix Shpilman comments: "We are looking forward to further expanding RateHawk, our fast-growing global B2B service with a strong presence in all 28 countries, and we continue to enter new markets by leveraging local business development teams. on customer support to make RateHawk the default booking machine for all travel professionals worldwide. "

Le v Leviev, representing the company's board of directors:" We are very impressed with the company's power of thrust. B2C maintains its leading position in our local market while B2B continues to grow rapidly in many regions. The company has a clear strategy, focus and solid ability to drive further growth and value. "

The emerging travel group was founded in 2010 and is run by international venture capital and other investors like Vaizra Capital, Founders Fund. , Frontier Ventures, Data Collective, Yuri Milner, Esther Dyson and Fritz Demopoulos.

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