London-based traveltech startup Turneo, which helps hotels and resorts seamlessly offer and manage in-destination experiences for their guests, has raised €2 million in a seed round led by Bessemer Venture Partners, with participation from Underline Ventures. The funding will support Turneo's global expansion and enable more hotels to provide a diverse range of unforgettable activities.
- Founded in 2022 by Fran Kauzlaric and Matija Marijan, Turneo helps hotels manage and offer in-destination activities.
- The platform allows guests to easily browse and book activities or transfers directly through the hotel's website or app, while providing hotels with a single system to manage, create, and track both in-house and partner experiences.
“Travellers plan and book activities before arriving at their destination. With Turneo, hotels can finally showcase their destinations and manage the activity offering to their guests. This means happier guests, with additional revenue and less operational hassle for hotels," Co-founder of Turneo, Fran Kauzlaric, stated.
Details of the deal
- The seed round was led by Bessemer Venture Partners, a San Francisco-based venture capital firm managing over $18 billion in assets across sectors such as enterprise, consumer, and healthcare, with a track record of over 145 IPOs and 300 portfolio companies.
"Turneo is playing right into this market shift by building a platform for hotels to seamlessly create, manage and monetise rich experiences for guests - whether it is spa treatments or in-destination tours," Investor at Bessemer Venture Partners, Aditya Nidmarti, stated.
- Underline Ventures, a Bucharest-based venture capital firm focused on supporting Eastern European founders with global ambitions, also participated in the round.
- With this new funding, Turneo plans to enhance its product offerings, expand its global customer base, grow its workforce, and build strategic partnerships with forward-thinking hoteliers worldwide. The company will also invest in advancing its AI-driven platform to deliver more personalized and efficient travel experiences through hotels.
