Herbst Kinsky advised TourRadar on its largest financing round in company history
Herbst Kinsky again advised TourRadar GmbH, this time on its EUR 50 mio financing round. This investment is the largest in an Austrian start-up company so far this year. In 2017 the market leader for multi-day travel tours has already been able to collect EUR 9 mio from Dutch lead investor Endeit Capital and the existing investors Hoxton Ventures Fund and Cherry Ventures. In this transaction the renowned VC funds TCV from Silicon Valley was in the lead.
With this new financing the company will invest in its staff and in further marketing strategies, as also will expand its international activities.
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.
“The fantastic journey with our long standing client TourRadar goes on. The entry of the new TCV, who in the past has invested in big names like Netflix, Facebook, Spotify, Airbnb und Tripadvisor is a further milestone regarding the conquest of the international group travel markt”, says Philipp Kinsky, partner at Herbst Kinsky.
This transaction was led by Philipp Kinsky supported by David Pachernegg and Felix Kernbichler.