September 8, 2024
Startup Updates

Exoticca Secures €60M Series D to Revolutionize Multi-Day Tour Packages with AI Technology

Exoticca, a pioneering travel tech platform specializing in multi-day tour packages, has successfully raised €60 million in a Series D funding round. 

The investment, led by Quadrille Capital—a prominent global investment platform focused on high-growth technology companies—also saw participation from new investors All Iron and ICF, alongside existing investors 14W, Mangrove, Bonsai, Sabadell, and Aldea.

The latest funding will enable Exoticca to enhance its platform by leveraging artificial intelligence to refine its product offerings, improve customer experience, and boost the profitability of its partners. The company’s ambitious goal is to establish itself as a leading global brand, expand into new markets, and accelerate the adoption of its platform among both traditional travel agencies and online travel partners.

The multi-day tour packages sector, valued at over €100 billion, remains one of the least digitized segments of the travel industry. Traditional tour operators dominate the market, offering limited real-time pricing and availability for complex packages. This often results in a cumbersome and time-consuming booking process for customers. Exoticca aims to address these inefficiencies by digitizing the entire booking process, connecting various services such as flights, hotels, meals, transfers, transportation, and activities into a seamless, streamlined platform

Exoticca’s innovative technology significantly reduces the time required to book complex long-haul trips, bringing the process down to mere minutes. This digitization not only guarantees customers the best prices but also reduces costs by approximately 30% compared to competitors. The platform connects local companies at destinations with travel agencies and other online players, providing the broadest scope for tour package distribution.

Pere Vallès, CEO of Exoticca, highlighted the company’s mission: “While the rest of the travel industry has become 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. The new funding will accelerate our vision and allow us to substantially increase our investment in technology, product, and growth.”

Since its inception in 2015, Exoticca has more than doubled its sales year-on-year, establishing itself as the digital category leader. The company offers trips to over 70 destinations worldwide, catering to travelers in eight markets—United States, Canada, United Kingdom, France, Germany, Spain, Mexico, and Colombia. These trips are sold both directly and through a network of travel and non-travel online and offline partners.

In addition to its robust platform, Exoticca enhances the customer experience through a Travel Concierge App and a comprehensive real-time monitoring and automated response system for all services included in the tour packages.