Funding

[Funding alert] UK-based Technology Company Travelport Secures $570m in New Equity Funding

Jan 4, 2024 | By Startup Rise EU

UK-based Travelport, a technology company, secures $570 million in fresh equity funding. Present equity and credit investors, such as Elliott Investment Management, Davidson Kempner Capital Management, Canyon Partners, Siris Capital, and other top institutional investors, currently own Travelport.

The funds will be utilised by the business to keep making investments in its technological platforms. Travelport is a technology company led by CEO Greg Webb that facilitates bookings for travel suppliers all over the world.

Travelport+ is a marketplace that links buyers and sellers of travel. It improves the way travel is sold, streamlines brand connections, and permits contemporary digital retailing. The business is active in over 165 nations worldwide.

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Travelport will keep making investments in its customer offerings going forward. These will include quickening the pace of new Travelport+ developments, supporting a variety of carrier NDC offerings, and expanding the Content Curation Layer—a search engine powered by AI and machine learning that normalises and customises all travel-related content sources.

About Travelport

Travelport is an international retail travel platform. They connect buyers and sellers who share their passion for providing outstanding travel experiences through their next-generation marketplace.