Skift Take
Travel startups raised roughly $2.8 billion during the first half of 2024. They had raised only $1.3 billion during the same period in 2023.
A dozen companies involved in the travel industry raised at least $100 million during the first half of 2024. In the same time period last year, there were only two that raised so much.
That reporting – compiled from Skift’s weekly startup funding roundup — aligns with insights from the recent Skift Research report on venture capital. Among multiple trends, the report predicted that there’s an on-going shift toward investment into later-stage companies.
Skift Research also predicts that 2024 will have fewer deals than in 2023, but their larger average size is expected to increase overall funding compared to the record-low of 2023.
A Changing Funding En