Travel startup Travello has just wrapped up its biggest funding round yet raising a whopping $10 million.
Raised during a series B round led by Queensland Investment Corporation (QIC) and with further investment coming from Paspalis Innovation Investment Fund, the company plans to use the funds to cement its position in Australia as a leading tour and travel experiences brand for millennials.
Specifically, Travello will use the funds to scope out new acquisitions and expand into new regions and categories, like outbound multi-day tours.
Since travel re-opened, Travello’s revenue has increased seven times its pre-COVID level, driven by strong demand for domestic travel experiences.
Now, the company is seeing signs of a…