We advised KFund, as an investor in Exoticca’s €25.23 M financing round.
Exoticca, the next-generation tour operator specialising in large tours, has announced the closing of a €25.23M ($30M) financing round led by 14W and Mangrove Capital Partners, with the participation of Aldea Ventures and existing investors, including Milano Investment Partners SGR, K Fund, Bonsai Partners, Kibo Ventures and Sabadell Venture Capital. This Series C financing round shall bring the total amount raised by the company to date to over €44 M.
The platform led by Pere Vallès allows users to create their own travel packages to more than 50 destinations around the world through a team of destination experts, who carefully design itineraries and select each component of the package, always seeking to optimise both the traveller’s experience and the price of the package. Exoticca’s system is based on the combination of offering attractive prices without compromising the quality of the trips.
Despite Covid, Exoticca claims that they have continued to grow in sales thanks to measures such as a free cancellation policy, heavily discounted prices and a very long booking window. Exoticca’s sales are currently 50% higher than before Covid (300% in the United States) and the company generates a positive EBITDA.
