An AI platform that empowers consumers to book trips and holidays together-straight from your travel website, Joyned has secured $8Mn in Series A Funding round led by Reach Markets, with participation from Sentor Investments, Velocity Ventures, and Lucerne Investment Partners.
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The capital will support Joyned’s efforts to develop new products, consolidate growth in international markets, and accelerate sales and growth procedures in new verticals, all in line with its goal of becoming a worldwide growth engine for hospitality and travel brands.
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Commenting on the news, Jonathan Abraham said: “The platform we have developed addresses the travelers’ need to experience the holiday booking process together. We are the first to bridge the gap between users’ desire for shared experiences and the possibility of doing so. Together with our partners, we are making a significant difference to the global hospitality industry, which is expected to roll over $4.6 trillion by the end of the year. The power of our solution is evidenced by the agreements we have signed with the world’s leading travel brands and the impact the solution has had on their businesses. We are proud of the support we received from leading funds joining our journey.”
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Founded in 2010, Reach Markets is Empowering investors & traders with the best tools, investment opportunities & access, while cutting unnecessary costs. Reach was founded with the goal of creating a simple way for companies and investors to REACH each other.
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Jonathan Cocks, partner of Velocity Ventures, added: “Joyned’s innovative approach to collaborative travel booking experiences and its ability to drive engagement and conversions make it a standout player in the market. “This investment will help catalyse Joyned’s expansion efforts and create lasting value for both customers and stakeholders.”
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About Joyned
Founded in 2017, Joyned enables customers to book trips, vacations, and holidays together, making the travel booking experience collaborative. It provides a cross-website, live experience for online shoppers, empowering travel sites of all sizes to own their shoppers’ natural social engagements directly on-site.
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