Journera, a Chicago, IL-based provider of a software platform for creating travel journeys, closed its $9m Series A financing.
The round was led by B Capital Group, with participation from Andreessen Horowitz, Pritzker Group Venture Capital and The Boston Consulting Group.
The company intends to use the funds to grow its technology and business development teams and to accelerate the scaling of the platform.
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, Journera provides travel-related companies to create end-to-end travel journeys for their customers in a secure and private way. The platform brings together data from throughout the travel journey to open up new possibilities for travelers that are not available today – from automatically rebooking a rental car reservation when a flight is cancelled, to having a hotel room ready early when travellers arrive at a destination in the morning, to delivering bags straight to a hotel room.
The core of the Journera platform is the GXR (or Global Experience Record) which creates a view of the travel journey in real-time across all elements of travel – from airlines and hotels to ground transportation and other travel-related services.
Travel companies can access the platform through publish and subscribe APIs, allowing them to implement innovations that enhance customer experiences through the use of the GXR. In addition, the platform allows travel companies to take their existing partnerships and implement them in an efficient, and real-time manner.
Journera launched in 2016 with initial investors including American Airlines, BCG, Hilton, InterContinental Hotels Group, Marriott International, United Airlines and an affiliate of Hyatt Hotels Corporation.
FinSMEs
12/07/2018