Joyned, a Jerusalem, Israel-based travel tech startup, raised $8M in Series A funding.
The round was led by Reach Markets, with participation from Sentor Investments, Velocity Ventures, and Lucerne Investment Partners.
The company intends to use the funds for product development, consolidating growth in international markets, as well as business development and driving sales and growth processes in new verticals.
Led by CEO Jonathan Abraham, Joyned enables customers to book trips, vacations, and holidays together, making the travel booking experience collaborative. It provides a cross-website, live experience for online shoppers, empowering travel sites of all sizes to own their shoppers’ natural social engagements directly on-site. The company’s AI-based social revenue platform analyzes and identifies consumer group-buying intent from data and, coupled with actionable insights, it provides visibility into buyers’ decision-making process, intent, group dynamics, conversations, and activities to optimize revenue. Global online travel agencies, hotel chains, booking sites, and travel tech providers use it to optimize revenue, conversions, and customer lifetime value.
Commenting on the news, Jonathan Abraham said: “The platform we have developed addresses the travelers’ need to experience the holiday booking process together. We are the first to bridge the gap between users’ desire for shared experiences and the possibility of doing so. Together with our partners, we are making a significant difference to the global hospitality industry, which is expected to roll over $4.6 trillion by the end of the year. The power of our solution is evidenced by the agreements we have signed with the world’s leading travel brands and the impact the solution has had on their businesses. We are proud of the support we received from leading funds joining our journey.”
FinSMEs
31/01/2024