The round was led by Rakuten Travel, the travel branch of Japanese ecommerce company Rakuten, with a $2.5m investment.
The company intends to use the funds to scale its operations globally and further develop its mobile and web products for enterprise and SMB tour companies.
Launched in 2012 by Scott Zimmerman, CEO, Xola provides a comprehensive cloud-based software that allows businesses to manage reservations in real time from any channel – bookings made in-person, over the phone, through their company website, on a vendor mobile app, with local resellers, and via integrated online travel agents – and make informed decisions with advanced reporting and business intelligence.
Other investors in the company include Stanford University StartX Fund, Michael Burry, and Scott and Brett Crosby, co-creators of Google Analytics.
FinSMEs
28/04/2016