Traveling the globe just got a whole lot easier, thanks to Barcelona-based innovator Caravelo. With a fresh €3.5 million in Series A funding from Spanish investors, Caravelo is charting a new course in the world of travel subscriptions. This landmark investment, led by Samaipata, marks a significant milestone not only for Caravelo but for the burgeoning travel subscription market.
Caravelo's recent commercial triumphs include unveiling Latin America's first all-you-can-fly subscription and Europe's inaugural true flight subscription. This impressive track record highlights Caravelo's unparalleled growth potential and its unique standing in the travel subscription sphere.
Caravelo plans to deploy these funds to expand its exceptional team and further enhance its platform. Luis Garay, Partner at Samaipata, expressed his confidence in Caravelo, stating, "Caravelo’s product is miles ahead from anything else out there, and is the only logical, enterprise-grade, choice for travel subscriptions." The company's position as an industry leader and its robust pipeline make it an attractive investment.
Ross Strachan, Principal at Adara Ventures, shared his excitement, stating, "Caravelo is well-positioned to take advantage of the increasing popularity of travel subscriptions, and we are proud to continue supporting the team through this next phase of growth."
Founded in 2015 by Iñaki Uriz and José Luis Vilar, Caravelo is a travel-tech pioneer providing subscription solutions to the travel industry. The company's expertise lies in delivering flight subscription solutions to airlines. It holds the distinction of being the sole company globally capable of creating and managing genuine flight subscription programs.
Caravelo offers an array of subscription solutions to transform the travel landscape:
1. Trip Subscriptions: Travelers pay a recurring fee for access to a set number of trips, simplifying their travel experience.
2. All-You-Can-Travel Subscriptions: This popular option allows airlines to extract revenue from potentially unsold inventory and enhance ancillary offerings.
3. Clubs Subscriptions (Memberships): Providing access to perks and discounts, these subscriptions influence travelers' provider choices, ultimately increasing market share.
As Caravelo sets its sights on the horizon with fresh funding, the travel subscription market is poised for an exciting transformation. With a commitment to enhancing customer experiences, boosting revenues, and improving industry resilience, Caravelo is paving the way for the future of travel.