Aviasales Raises $43M in Funding

Aviasales, a Moscow, Russia-based TravelTech company, raised $43m in funding.

Backers included Elbrus Capital Fund III and iTech Fund II.

The company intends to use the funds to launch new products and accelerate growth across international and domestic markets, to further develop its corporate travel service, and Travelpayouts, a global platform for automated affiliate marketing.

Led by Max Kraynov, CEO, Aviasales is a travel metasearch platform with a monthly audience exceeding 15 million users and an estimated gross merchandise sales volume in 2021 of more than $1.6 billion. Travelpayouts is a global platform for travel affiliate marketing, which has over 300,000 affiliate partners worldwide and more than 90 travel advertisers, including Booking.com, BlaBlaCar, GetYourGuide, Viator, Agoda, and others.