Transparent, a Madrid, Spain-based vacation rental market intelligence company, received an investment from JetBlue Technology Ventures (JTV), the venture capital subsidiary of JetBlue Airways (Nasdaq: JBLU).
The deal, which brought total investment raised to date to $2.8m in total funding, enables JTV to reimagine the accommodation experience and extend to support the subsidiary’s broader goal of positioning JetBlue with startup-led innovation. Prior to JTV, Transparent had previously raised funding from Madrid-based K Fund, NYC-based Highgate Ventures and Paris-based Kima Ventures.
The company intends to use the funds to continue to expand its commercial team.
Founded in 2016 by travel entrepreneurs Pierre Becerril, Nil Sanz and Drew Patterson, Transparent provides a vacation rental market intelligence platform which aggregates data on vacation rental market conditions including prices, occupancy and competition to help property managers, real estate investors, online travel agencies and tourism boards make informed decisions within the vacation rental space.
“Given JetBlue’s interest in offering short-term rental options to its customers and the travel industry’s recent demand volatility, accurate data is imperative to making sound business decisions. Our investment in Transparent not only
Clients and partners include Amadeus, Booking.com, Four Seasons, Marriott, Hopper, the Hawaii Tourism Board, the Greater Miami Convention & Visitors Bureau and hundreds of others institutions globally.