Multi-day package tour specialist Exoticca secures €20 million to grow in North and Latin America

Multi-day package tour provider Exoticca has closed a €20 million venture debt financing round to expand in North and Latin America.

Claret Capital Partners and Sabadell Venture Capital led the round, raising the total capital raised to date by the Barcelona company, through equity and debut ventures, to 66 million euros.

Founded in 2013, Exoticca allows the online sale of complex trips with multiple components such as flights, hotels, transfers and activities. Using disintermediation and automation, it enables frictionless shopping at low prices.

Each of Exoticca’s itineraries is designed by a team of more than 50 artisans and product curators who have traveled extensively to the destinations they cover. The company says that all of its packages are created to show respect and admiration for other cultures and the environment.

Exoticca says that, despite COVID-19, it has increased sales at an average compound growth rate of more than 100% per year since 2015 and expects to close 2022 with €120 million in revenue.

“Travel is back and we believe this is the right time to invest to build the digital category leader in the multi-day package tour space,” says Exoticca CEO Pere Vallès.

“We are very satisfied with the support of Claret Capital Partners and Sabadell Venture Capital, which will allow us to accelerate our growth plans by increasing our investment in technology and product.”

In July 2021, Exoticca closed a $30 million Series C round, which followed an additional €5 million investment in its Series B round in 2020.

It recently launched a B2B vertical that gives brick-and-mortar travel agencies access to its technology and travel products.

Exoticca sells trips to more than 60 destinations in seven markets: the United States, Canada, the United Kingdom, France, Germany, Spain and Mexico.

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