The travel tech startup Fineway has increased its Series A, raising an additional six million euros in venture capital from investors. Combined with previous funding, the Munich-based startup now has a total of over 16 million euros in financing. The fresh capital for Fineway is being contributed by existing investors as well as several new investors.
Fineway is developing a free instant trip planning service that enables users to plan and book complex tours fully automatically within minutes using a smart conversation. The Munich-based startup is now announcing a successful Series A round, raising a total of €13 million.
Goal: to revolutionize the travel industry
“The additional funds are intended to further expand our technological lead and will therefore be used entirely for the further development of our Data Science Platform,”
explained Markus Feigelbinder, co-founder and managing director of the travel tech startup .
Fineway is one of the world's first companies to develop and use artificial intelligence for customized travel planning. The platform enables customers to create and book hyper-personalized trips in real time, tailored to their individual travel motives and styles.
"With the rise of voice assistants, we are convinced that smart conversations will dramatically change the way we plan and book travel in the future. Fineway's technology has the potential to revolutionize the travel industry,"
says Prof. Dr. Andreas Pfeifer, Chairman of the Advisory Board.
Personnel reinforcement
As part of the financing, Fineway is also strengthening its leadership team.
"We are very pleased to have gained two highly experienced top managers, Michael Mattern as Chief Operating Officer and Bastiaan Haghuis as VP Growth & Marketing. Thanks to their many years of experience in profitably scaling hypergrowth startups, they are essential building blocks for Fineway's continued success,"
explained Markus Bohl, Co-founder and Managing Director of Fineway.
Michael Mattern was most recently Chief Operating Officer of The Iconic (Global Fashion Group) in Australia and previously Chief Operating Officer of Groupon APAC.
Bastiaan Haghuis joins Fineway from London-based Checkout.com, where he also served as VP of Growth & Marketing. Previously, he was Global Head of Growth at Appear Here, where he was responsible for their international expansion.
