Traveltech specialist Exoticca announces €60m Series D round to bring multi-day tour packages into digital age

Exoticca, a traveltech platform for multi-day tour packages, has closed a €60 million Series D round led by Quadrille Capital, with participation from new investors including All Iron and ICF and existing backers 14W, Mangrove, Bonsai Partners, Sabadell and Aldea.

Multi-day tour packages, a sector worth over €100 billion, is one of the last segments of the travel industry still dominated by traditional tour operators with very low levels of digitisation, the company says.

This prevents travel agencies from offering real-time pricing and availability for complex packages and, as a result, customers experience a cumbersome and time-consuming purchasing process.

Exoticca’s bespoke technology connects all the different services (flights, hotels, meals, transfers, transportation and activities) required to book multi-day tours, connecting local companies at destination  with travel agencies and other online players and therefore provides the broadest scope for tour package distribution.

By digitising all parts of the booking process, Exoticca claims to have cut the process of booking complex long-haul trips down to just minutes and can guarantee its customers the best prices, bringing costs down by around 30% compared to competitors.

The injection of funding will allow it to develop its platform, leveraging AI to improve product offering, customer experience and boost its partners’ profitability.

The company is focused on opening in new markets, accelerating the adoption of the platform by both traditional travel agencies, as well as other online travel partners.

Pere Vallès, CEO at Exoticca, says: “While the rest of the travel industry has become digitised, the multi-day tour space has remained stagnant, with customers stuck with inconsistent, time-consuming booking experiences.”

“Our 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.”

Alejandra Duran Gil, Partner at Quadrille Capital, says: “Exoticca is revolutionising the travel booking experience worldwide, significantly enhancing efficiency and affordability for travellers.”

“Exoticca’s strong financial foundation and the team’s exceptional execution are at the heart of our investment thesis. We are looking forward to supporting the company in its next phase of growth, leveraging our technology and financial expertise to contribute to its continued success.”