Journera, a US-based travel technology company developing Experience Management Platform for the travel industry, announced that it has raised $11.6 million Series B funding led by Andreessen Horowitz and B Capital.
Existing investors Pritzker Group Venture Capital and The Boston Consulting Group also participated in the funding round.
Journera was co-founded by BCG and Jeffrey G. Katz, the former founding chairman, president and CEO of Orbitz Worldwide, president of SABRE’s Travel Information Network and CEO of Swissair.
“Proceeds of the funding round will be directed at further commercialization of the platform across the travel industry, including a new Recovery Analytics offering, software development and sales and marketing,” the company mentioned in its press release.
“As the industry faces once-in-a-generation challenges, data will be a central tenet of recovery,” said Jeffrey Katz, CEO, Journera. “We’re pleased to have the confidence of our investors in our vision as we help the travel industry create the very best experiences for their most valuable, most frequent travelers – the people who will be first to get back on the road and in the air in the coming weeks and months. When those core customers have great experiences it will inspire their loyalty over the long term.”
“The bar for consumers’ expectations for the quality of their travel experience is steadily getting raised,” said Jeff Jordan, Managing Partner of Andreessen Horowitz. “Journera has the opportunity to improve those experiences by building connective tissue for disparate logistical travel systems. With the benefit of improved and real time data, hospitality and travel brands can offer their customers better service. Jeff Katz and his team bring world class leadership and deep industry expertise to this endeavor and we’re excited to see their continued progress.”
“We believe that the travel experience can be greatly improved using smart, well-built technologies,” said Raj Ganguly, Co-Founder & Partner of B Capital Group. “Journera has built a platform that lets any travel supplier immediately impact the traveling experience for the better, which means more satisfied customers and robust new service opportunities for travel companies.”
Journera’s commercial partners include Hilton, InterContinental Hotels Group, Marriott International, Hyatt Hotels Corporation, United Airlines, and American Airlines.
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