Spanish online travel startup Exoticca raises €3.5 million to expand internationally and to strengthen its tech with the aim of democratizing the travel industry.
The investment round was led by K Fund and had the participation of previous investors such as Sabadell Venture Capital and Grupo Palau, as well as new investors such as Nero Ventures, Palladium Corporate Venture, and Smartech Capital, El Referente reported on Tuesday.
“We are very satisfied with the evolution of the company and the future plan, so far, Exoticca is one of the biggest bet of the Sabadell Venture Capital portfolio,” said Xavier Gásquez, Investment Director of Sabadell Venture Capital.
The resources obtained through the round will be used mainly to finance the international expansion of Exoticca. While currently present in three countries – Spain, the United Kingdom, and France – the Spanish startup will enter new markets soon, starting with Germany in July.
Part of the resources will also be used to finance the investment in the Exoticca technology platform.
“Our goal is to ‘democratize’ the large travel industry by making trips that previously only a minority could afford accessible and affordable to the general public,” said Pere Vallès, Co-CEO of Exoticca.
“This round will allow us to launch our platform in new countries as well as strengthen our technological leadership,” he added.
Founded by Co-CEO Jesus Rodriguez, Exoticca leads the digitalization of the large travel market with a technological platform that allows online purchases to be organized with multiple components that include international and domestic flights, hotels, guides, visits, trips, meals, and travel insurance, among others.
“When Jesus and Pere offered us the opportunity to invest in their company, we did not doubt it,” said K Fund partner Iñaki Arrola.
“Traveling to theoretically unattainable destinations at incredible prices and maximum care — only on Exoticca.com.”
With high-level suppliers at reduced prices, it offers organized trips to more than 50 destinations around the world.
Exoticca is an online travel agency specialized in “Grandes Viajes,” whose exclusive offers are available for a limited time at special prices.
According to the website, the values of Exoticca are the basis for carefully elaborating its selection of offers that include quality, transparency, innovation, comfort, service, and exclusivity.
Some offers are integrated into a flight search engine, so users can choose the option that best suits their needs — offering the opportunity to select the airport of origin and sort the results according to different variables, including price, scales, and departure time.