FIXED-Berlin travel platform Tourlane gets $ 20 million lifeline from investors

(Corrects the sum in the title in dollars from euros)

BERLIN, Nov. 18 (Reuters) – Berlin-based premium vacation booking platform Tourlane said on Wednesday it had raised $ 20 million from existing investors to cope until long-distance travel recovers from the pandemic coronavirus.

Tourlane, one of Berlin’s travel tech startups hit hard by COVID-19, has raised funds by extending its Series C funding round with Sequoia Capital, Spark Capital, DN Capital and HV Capital and its founders.

Travel tech is showing tentative signs of recovery after a deep recession in the spring, with US rental platform AirBnB forecasting to float after making a profit in the third quarter.

While Tourlane’s niche of unique experiences, ranging from African safaris to road trips around Iceland, is still in limbo, his technical team worked full time during the pandemic even though they put staff from sale on leave.

“When the crisis hit us earlier this year, our team made an incredible effort to adjust their strategy, adapt to a new reality and prepare for the new demand when the market rebounds,” said the co-CEO and co-founder Julian Weselek. .

“In these unprecedented times, the commitment of our investors is a strong signal of confidence in our strategy. “

Tourlane, founded in 2016 by Weselek and its co-CEO Julian Stiefel, has raised a total of more than $ 100 million from investors. (Reporting by Douglas Busvine Editing by Mark Heinrich)

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