Priya PatelTLDR:
- Travel booking startup Joyned has raised $8 million in a Series A funding round led by Reach Markets, with participation from Sentor Investments, Velocity Ventures, and Lucerne Investment Partners.
- Joyned’s AI-based social revenue platform analyzes critical data such as price perception and sentiment analysis, providing travel sites with a comprehensive overview of the customer booking journey.
- Joyned enables users to discuss and book trips together anonymously and securely on its website.
- The company has commercial agreements with several international travel brands, including Amadeus, OYO Vacation Homes, and TravelUp.
Travel booking startup Joyned has successfully raised $8 million in a Series A funding round. The funding was led by Reach Markets, an Australian private equity and financial services company, with participation from Sentor Investments, Velocity Ventures, and Lucerne Investment Partners. Joyned offers an AI-based social revenue platform that allows users to discuss and book trips together directly on the website. The platform also analyzes critical data such as price perception and sentiment analysis, giving travel sites access to a comprehensive overview of the customer booking journey. This enables them to offer users personally tailored deals.
Joyned aims to address the need for shared experiences in the holiday booking process. The company believes it is the first to bridge the gap between users’ desire for shared experiences and the possibility of doing so. It has commercial agreements with numerous international travel brands, including Amadeus, OYO Vacation Homes, and TravelUp. These partnerships contribute to making a significant difference in the global hospitality industry, which is expected to generate over $4.6 trillion in revenue by the end of the year.
This funding will support Joyned in further developing its platform and expanding its reach in the travel booking market. With the additional capital, the company can continue to enhance its AI technology and strengthen its partnerships with travel brands. Joyned aims to provide a user-friendly and personalized travel booking experience for its customers. Through its platform, users can discuss and book trips together securely and anonymously, creating a sense of community and shared experiences.
Overall, Joyned’s Series A funding round demonstrates investor confidence in the company’s innovative approach to travel booking. With its AI-based social revenue platform and strategic partnerships, Joyned is well-positioned to disrupt the travel industry and provide a unique and personalized booking experience for users. As the company continues to grow and expand its offerings, it aims to make a significant impact on the global hospitality industry.
