Davinci Travel System Raises €2.1m To Automate The Group Travel Industry

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Davinci Travel System, a Prague-based travel startup developing a B2B platform for group hotel bookings, announced a new funding round of €2.1 million (USD 2.3 million). The leading investor is the Czech venture capital fund Reflex Capital, with contributions from two previous investors: Seedcamp, a UK-based VC fund, and J&T Ventures, a Czech fund.

Processing group reservations is still complicated and is done manually in almost every travel industry sector, from hotels to airlines, restaurants, conferences, guided tours, and beyond. Reservations are mostly handled via email or phone, including any changes and reservation details. The group booking startup Davinci Travel System (TS) has been bringing automation to the group travel segment worldwide.

“We entered the market in 2017 with a group booking platform for hotels and quickly gained international traction. We are now adding new services, such as conference reservations and meal options, to our product. Our goal is to digitize all the steps in a simple online platform and to educate conservative travel companies to use modern solutions. By automating the group booking process, we minimize inefficiencies and save time and money while increasing hotels’ occupancy rates. No destination management companies (DMC) will be needed in the future, as the Davinci marketplace will be able to combine all of the mentioned services into one place,” said Alex Ilyash, the founder and CEO of Davinci TS.

Davinci TS is currently cooperating with more than 10,000 hotels all over Europe and 300+ tour operators worldwide. The platform connects both sides, solving problems with communication, legislative differences, and international clearing. By cutting DMCs from the process, Davinci also helps speed up negotiations, lowering costs and offering better prices to its clients. The new product features will provide the same opportunities to meetings, incentives, conferences, and exhibitions (MICE) operators.

“In the near future, we are going to focus on the international expansion of our platform to Asian markets and on the onboarding of more tour operators. We are currently looking for strategic partners who will help us with this expansion,” added Alex Ilyash.



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