Kiwi.Com Raises €100m To Build On Innovation
Online travel agency Kiwi.com has raised €100 million in the form of a convertible bond from what it calls a “preeminent global institutional investor.”
The Czech Republic-based company provides virtual interlining, enabling travelers to create a single booking on flights that are not officially airline partners, as well as to include travel on trains and buses.
Kiwi.com says it will use the funding to strengthen its position in the global travel industry.
Co-founder and CEO Oliver Dlouhy says, since its founding in 2012, the platform’s technology has brought about industry disruption “not seen since low-cost carriers entered the market over 50 years ago.”
“The investment will enable us to continue to build on that innovation and drive future growth to support more customers,” he says.
Learn more about Kiwi.com
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