Travel has been gruesome lately for many Americans. Large contributors to the ongoing challenges to travel have been attributed to increasing costs and short-staffed airlines. New York-based Spotnana aims to alleviate the impact travel has on consumers with its travel-as-a-service platform.
Spotnana caters its platform to corporations, agencies, suppliers and technology providers. Through the platform, organizations can provide personalized bookings for employees and reduce travel costs, according to a company statement. Additional features include accessing travel agents on a global scale.
On Wednesday, Spotnana raked in $75 million in a Series B funding round led by Durable Capital Partners LP. With its new capital, the company is investing in hiring efforts to help further advance the Spotnana platform.
Last year the company emerged from stealth with a $41 million Series A raise, according to TechCrunch. Since then, Spotnana has more than doubled its employee base to 200.
“It’s our mission to rebuild the infrastructure of the travel industry in order to bring freedom, simplicity and trust to travelers everywhere,” Sarosh Waghmar, Spotnana co-founder and CEO, said in a statement.“The infrastructure that has been in place for decades puts huge barriers between suppliers and travelers. We provide an open platform that enables the entire travel ecosystem to work together to deliver unparalleled travel experiences. We are building longer tables that foster collaboration, not higher walls that slow industry innovation.”
