Herbst Kinsky advises TourRadar on the largest financing round in its history
Herbst Kinsky advised TourRadar GmbH also on its latest financing round which is the largest transaction in the history of the company. Leadinvestor Endeit Capital and the existing investors Hoxton Ventures Fund and Cherry Ventures support the market leader for multi-day travel tours with an investment of EUR 9 million.
With this new investment the number of staff should be doubled and marketing and the product portfolio expanded.
Founded in 2010 in Australia, TourRadar is the largest travel website where travellers and tourists can book a group tour, as well as featuring user-generated reviews of individual tours. TourRadar with offices in Brisbane and Toronto and its headquarter in Vienna has more than 20,000 tours from different tour operators worldwide available, which clients can compare, book and review later. The travel service ranges from safaris through Africa to bus tours through Europe.
“We advised TourRadar on all significant expansions and have been convinced of the business model and the international team from the start. In particular we are rightfully proud of what has been achieved and are pleased to be able to support the team of TourRadar”, says Philipp Kinsky, partner at Herbst Kinsky.