United Kingdom
United States
Asia Pacific
Joyned secures $8 million Series A funding
Travel tech startup Joyned has just completed a $8 million Series A funding round.
The funds will be used to fuel Joyned’s global growth plans.
It was led by Reach Markets, an Australian private equity firm.
Sentor Investments, a private investment firm in Australia, Velocity Ventures, a Singaporean investment fund and Lucerne Investment Partners, also participated.
Joyned enables end-users to discuss and book trips together directly on the website in a collaborative way.
This can be done anonymously, without registration, from a secure, private online space.
The solution provides a cross-website, live experience for customers.
Joyned’s AI-based social revenue platform identifies critical data such as price perception and sentiment analysis.
This gives travel sites access to the customer booking journey, which then allows them to offer personally tailored deals.
Joyned says this method increases the average booking value by 25%, and the conversion rate increases fourfold.
Joyned CEO, Jonathan Abraham, said: “The platform we have developed addresses the travellers’ 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.”
“We are proud of the support we received from leading funds joining our journey.”
Joyned has inked commercial agreements with dozens of international travel brands, including a strategic commercial agreement with Amadeus.
It has deals with OYO Vacation Homes and UK based TravelUp.
Related News Stories:
TravelMole Editorial Team
Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.
Florida’s Tourism Boom: Dana Young Analyzes Surge in UK Visitors
Elliott Ferguson’s Vision: Elevating Washington DC’s Global Appeal
Empowering Travel Agents and Tour Operators: A Conversation with Go Nexus Group President
Expedia TAAP incorporates AI for their 100,000 registered agents
Travefy CEO & Founder Talks About Their Itinerary Management For Travel Professionals
MMGY’s Jonathan Sloan: A Tale of Triumph Amidst Adversity
Unlocking Opportunities: Viator Empowers Travel Agents with Innovative Tools and Expansive Offerings
Kazakhstan Explored: A Journey into the Unknown
Behind the Scenes of Vegas Tourism: Kelly Messina’s Insider Perspective
Preserving Mexico’s Beauty: A Conversation with Doris Patiño from Xcaret
Easton Wasinger Unveils Trawick: Affordable Travel Insurance with Exceptional Service
Deleted video
BA flight attendant taken off duty after boozy altercation
Passenger attempts suicide on Bangkok-London flight
Ship crew member arrested after stabbing attack
Report: Viking Sky outage could have been ‘one of the worst disasters at sea’
Spain hits Booking.com with record €530 million fine