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Exoticca secures €60M to transform multi-day tour package market
Exoticca, a traveltech platform specialising in multi-day tour packages, has secured €60 million in a Series D funding round. The round was led by Quadrille Capital, with new investors All Iron and ICF, alongside existing backers 14W, Mangrove, Bonsai, Sabadell, and Aldea, also participating.
The multi-day tour package sector, valued at over €100 billion, remains largely controlled by traditional tour operators with minimal digitisation. This lack of digital integration means travel agencies struggle to offer real-time pricing and availability, resulting in a slow and cumbersome booking process for customers.
Exoticca's innovative technology addresses this by integrating various services such as flights, hotels, meals, transfers, transportation, and activities, thereby connecting local companies with travel agencies and online platforms. This comprehensive digitisation of the booking process reduces the time required to book complex long-haul trips to just minutes and offers customers significant savings of up to 30% compared to competitors.
The new funding will enable Exoticca to further develop its platform, incorporating AI to enhance product offerings, customer experience, and partner profitability. The company aims to establish itself as a leading global brand, expand into new markets, and accelerate the adoption of its platform by both traditional travel agencies and online travel partners.
Pere Vallès, CEO at Exoticca, said: “While the rest of the travel industry has become digitised, the multi-day tour space has remained stagnant, with customers stuck with inconsistent, time-consuming booking experiences. Exoticca’s mission is to bring multi-day tour packages into the digital age, making dream trips accessible and affordable to everyone. The new funding will accelerate our vision and allow us to substantially increase our investment in technology, product and growth.”
Alejandra Duran Gil, Partner at Quadrille Capital, said: “Exoticca is revolutionising the travel booking experience worldwide, significantly enhancing efficiency and affordability for travellers. Exoticca’s strong financial foundation and the team’s exceptional execution are at the heart of our investment thesis. We are looking forward to supporting the company in its next phase of growth, leveraging our technology and financial expertise to contribute to its continued success.”
Exoticca has more than doubled its sales year-on-year since 2015, becoming the digital category leader and selling trips to over 70 destinations worldwide to travellers in 8 markets (United States, Canada, United Kingdom, France, Germany, Spain, Mexico and Colombia) directly and through a network of travel and non-travel online and offline partners.
The platform also enhances customers’ travel experience through a Travel Concierge App and a comprehensive real-time monitoring and automated response system for all the services included in the package.