Reservation technology company Kaptio has received new funding as it looks to expand operations globally.
Growth equity fund VEX has acquired a 70% stake in the Iceland-based company, but financial terms of the deal were not disclosed. The company has also raised $2.5 million from private investors and TM Insurance and said it is preparing for additional funding rounds in the future.
“Kaptio has developed an outstanding technology platform for the multi-day travel industry, and we’ve laid the foundation for continued innovation to meet the growing demands of the market,” said Viðar Svansson, CEO of Kaptio.
“We are grateful for the support of our departing shareholders, and we look forward to…
