Skift Take
Travel startup funding in August started with a bang and ended with a whisper.
Travel Startup Funding This Week
Each week we round up travel startups that have recently received or announced funding. Please email Travel Tech Reporter Justin Dawes at [email protected] if you have funding news.
The first half of August saw three of the biggest travel startup fundraises of the year: Flyr ($295 million), Archer Aviation ($230 million), and Oyo ($173 million).
But overall, August was a slow month. Besides those three major raises, Skift identified fewer than 10 travel startups that raised money — all $10 million or less.
That includes only three announcements, highlighted below, over the past two weeks totaling $16.5 million.
That level of activity aligns with the funding trend that Skift has identified — more late-stage fundraises but fewer deals overall.
Uppercase: $9 MillionUppercase, a luggage brand, has raised $9 million in series B funding from the venture capital firm Accel.
That nearly doubles the startup’s valuation to $60 million.&n