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Market

Travel funding activity

472 disclosed rounds across 378 companies in the last three years. Below: how they split by stage, which investors appear most often, and where the totals come from.

Rounds per quarter
2023-Q32026-Q1

Peak 58 rounds in a quarter. Axis starts at zero.

The last three years

Computed from disclosed rounds. Figures update when the data does.

0
Rounds
0
Companies
0
Rounds with an amount
$61B
Disclosed total
$3M
Median round

Where the money enters

Stage distribution over the same three years. A sector weighted to Pre-Seed and Seed is being formed; one weighted to later rounds is consolidating.

Seed
18941%
Late Stage (Series C+)
14130%
Series A
8518%
Pre-Seed
449%
Series B
72%

Investors appearing most often

Ranked by number of rounds participated in, not by capital deployed — an accelerator writing 180 small cheques ranks above a fund writing four large ones, which is the right ranking when the question is who to approach.

  1. Pacific Economic Development Canada12 rounds
  2. and Recreation7 rounds
  3. Parks7 rounds
  4. Government of Canada7 rounds
  5. The Vermont Department of Forests6 rounds
  6. Canada Economic Development for Quebec Regions4 rounds
  7. The Duke Energy Foundation4 rounds
  8. FasterCapital4 rounds

Largest disclosed raisers

By disclosed amount across the period. Companies whose rounds carried no public amount cannot appear here however large the raise was.

  1. Carnival Corporation$14B
  2. Hilton Grand Vacations$5B
  3. Travel + Leisure$5B
  4. Lufthansa$3B
  5. Avis Budget Group$3B
  6. Royal Caribbean Cruises$3B
  7. Garuda Indonesia$2B
  8. Vietnam Airlines$2B

How to read these numbers

A company usually carries several sector tags, so its rounds count towards each. Sector totals therefore sum to more than the total number of rounds, and two sectors here can describe the same round.

Only rounds with a publicly disclosed amount contribute to totals and medians. Roughly a quarter of rounds carry no amount, and those are counted in the round count but never modelled into a figure.

A sector appears only with at least 100 rounds in the last three years. Below that the quarterly shape is noise, and a chart of noise is worse than no chart.

Work the underlying rounds, not the summary

This page is a fixed slice. In the product the same rounds are filterable by stage, geography and investor activity, and every investor here opens to their full participation history.