Singapore-based B Capital has led a $9-million Series A funding round for Chicago-based travel software startup Journera, the latter announced in a release.
Other investors in the round include Andreessen Horowitz, Pritzker Group Venture Capital and The Boston Consulting Group (BCG).
Journera offers a software platform that creates a unified view of a traveller’s journey in real time by uniting airlines, hotels and rental car companies in one place. It also has a publish-subscribe and data permissions architecture, which enables travel-related companies and application developers to create new travel experiences, more quickly implement and improve partnerships, and better govern their data.
“In the travel sector, the goal of a seamless experience has been constrained by the fragmentation of the industry and the limitations of bespoke relationships between companies in the travel ecosystem. By building a platform with the latest technology, advanced security protocols and a unique permission control architecture, Journera will help the industry deliver the integrated experiences their customers demand,” said Journera CEO Jeffrey Katz.
The company said the newly raised funds will be used to grow the company’s technology and business development teams and to fuel the scaling of its platform as the company begins to ramp up the number of publishers and subscribers.
“The quality of Journera’s founding team, investors and customers speaks to the deep travel and technology experience of the management team as well as the salience of the platform they have developed,” B Capital co-founder and partner Raj Ganguly. “We are delighted to be involved in what we believe will be a transformational technology for the travel industry.”
Journera was launched in 2016 by founders BCG and Jeffrey G. Katz, the former founding chairman, president and CEO of Orbitz Worldwide, president of SABRE’s Travel Information Network and CEO of Swissair.
The company’s initial investors included American Airlines, BCG, Hilton, InterContinental Hotels Group, Marriott International, United Airlines and an affiliate of Hyatt Hotels Corporation.
Journera also announced signing its first six major commercial agreements for use of its platform with American Airlines, Hilton, InterContinental Hotels Group, Marriott International, United Airlines and an affiliate of Hyatt Hotels Corporation.
Journera becomes the first travel-related tech firm to be added to B Capital’s portfolio. The global tech fund had previously invested in startups operating in the healthcare sector including CXA Group and Bright.md.
B Capital had recently led a $22-million Series B round for Smartpaddle Technology Pvt Ltd, which operates B2B technology platform Bizongo.