The travel industry experienced an unprecedented surge in startup funding in 2024, with over $13.1bn raised across more than 200 deals, according to data tracked by Skift.
Even after excluding Waymo’s $5.5bn outlier, the remaining $7.6bn represented more than double the total raised in 2023. This remarkable growth occurred despite the number of deals remaining consistent year-over-year.
“The travel industry hasn’t seen funding levels like this in years,” said a Skift analyst. The report also acknowledged the likelihood of underreported figures due to undisclosed fundraises and untracked markets.
Among the standout fundraises was Lighthouse, a hotel technology platform, which secured $370m, making it the largest deal for a…
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