Funding to start travel this week

A startup called Runway says it can keep travelers on the road safe and healthy. adobe / ado

Everyone got sick on the road. Both business travelers and vacationers know the hassles of trying to find a doctor in a strange city, and many of us know that we ended up in weird little doctor offices with blaring pictures of celebrity patients on the wall (yes, that actually did) because our hotels made deals with said doctors , and about missing out on the opportunity to return venture capital Tesla Roadster’s car when it was weird (that too) because the same fever forced us to cancel.

Now, a Miami-based startup called amphitheater He says he can make everything better

The brainchild of 36-year-old former pharmaceutical director Josh Roma is Runway, who sets out to be Roman Medicine or Himes in travel medicine, doing travel diarrhea, motion sickness and malaria what previous startups have done for erectile dysfunction and hair restoration. The idea: Allow travelers to arrange for an online consultation about common issues before you travel, and have medication delivered before travel so travelers can prepare.

The company just raised $1.5 million in seed capital, from investors led by Pareto Holdings, a business incubator led by Shutterstock founder John Oringer.

Rome said the health travel market is a $12 billion a year industry, now served by brick-and-mortar chains, the largest of which is Passport Health, and small local doctors’ offices. He said that according to various estimates, up to half of visitors to developing countries contract some diseases. “Illness while traveling is more common than you might think,” he said.

And he would have known: The idea for Runway crystallized when Rowe fell ill in Mexico City during the Covid pandemic. He said he had to contend with language issues, and use drugs that weren’t made in an FDA-approved facility. “I will never travel without an antibiotic for travel diarrhea again,” he said.

Rowe said Runway’s edge over companies like Roman and Hims is that it will be able to market through tour operators and other partners, spending less than the cost of direct-to-consumer marketing that supports familiar names. He said the hack will come – if it happens – when Rowe can convince major online travel agencies to work with him.

“My North Star for the next 12 months is building our network,” he said. “The goal is to get access to OTAs. If we could put our link next to the button to buy travel insurance, that would be fine.”

Check the attractions

Imagine you’re a hotel manager trying to solve three related problems, post-covid (or while covid continues): Guests don’t like high check-in and drop-off prices, the hotel needs to generate revenue by increasing guest sales at the local level, attractions and room upgrades, and it doesn’t have Management staff to resolve either of the first two things.

Israeli startup ought to It has raised a $10 million Series A round from a group led by the billionaire family Ofer, through its venture capital vehicle XT Hi-Tech, for technology it says will help with all three.

The idea is a “Guest Management Platform,” a technology that talks about a white-label app that allows hotels to simplify check-in procedures by offering contracts, arranging a flat-rate taxi in advance, and allowing guests to scan passports in advance; Upgrade rooms and in-house services from restaurants to pre-arrival massages, customize advice from the concierge on what to do nearby, and customize recommendations for business travelers, romantic couples, or families on vacation. The app also allows hotels to solicit customer feedback before checking out, he said, to fix issues before guests leave negative reviews online.

“Our pillars are to improve guest happiness and allow hotels to do more with fewer employees,” said Adir Ron, Dove’s chief marketing officer. Hotels will not disappear [because of Covid-related staffing shortages]. They will become more digital. But they still need to provide a personal service.”

Research suggests that Dove is working on something. a Report from Oracle Hospitality and Skift Research He says 73 percent of customers are more likely to choose hotels that offer automated self-catering options like this one. One of the most important cross-selling opportunities for hotels, airlines and travel agencies alike was its marketing attractions.

Ron said the company is working to improve its approach in Israel and Europe. Project money will pay for expansion in the United States, where Duve has 100 hotel customers. One goal, he said, is to expand support operations to better serve time zones in the western United States.

Ron said short-term goals include doubling the company’s headcount to about 50 people, and closing major deals in at least three US states.

The target market is mostly boutique hotels, Ron said, as the company believes that many chain hotels will get similar technology from its brands.

Other recently announced deals include:

>>>borrow a boatwhich calls itself the UK’s leading market for yacht charters and boat charters, said it had raised more than £1m in a capital crowdfunding round that opened on May 30.

>>>SmitsA Swiss start-up that allows its software-based attractions service to implement dynamic pricing plans based on artificial intelligence, said May 31 that it had raised a $4 million venture capital round, led by Zurich-based Privilege Ventures. The company said the money will fund expansion in the United States.

Skift Cheat Sheet

start-up capital It is the money used to start a business, often led by angel investors and friends or family.

Series A Funding is usually obtained from venture capitalists. The tour aims to help the founders of the startup make sure that their product is something that customers really want to buy.

series b Funding mainly pertains to venture capital firms that help the company grow faster. These fundraising rounds can help recruit skilled workers and develop cost-effective marketing.

Series C Financing is usually related to helping a company expand, such as with acquisitions. In addition to venture capital, hedge funds, investment banks, and private equity firms are often involved.

Series DAnd the E and beyond These fundamentally mature companies and funding round may help the company prepare for an IPO or acquisition. A variety of types of private investors may be involved.

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