Travel booking startup Joyned secures $8 million in Series A
Travel booking startup Joyned secures $8 million in Series A
Joyned’s AI-based social revenue platform identifies critical data such as price perception and sentiment analysis, giving travel sites access to a comprehensive overview of the customer booking journey
Travel tech startup Joyned announced on Wednesday that it has completed an $8 million Series A funding round. The round was led by Reach Markets, an Australian private equity and financial services company. Sentor Investments, a private investment firm based in Australia, Velocity Ventures, a Singaporean investment fund focused on investing in innovative solutions in the tourism and hospitality sectors, and Lucerne Investment Partners, an Australian private investment group.
Joyned enables end-users to discuss and book trips together directly on the website. This can be done anonymously, without registration, from a secure, private online space.
Joyned’s AI-based social revenue platform identifies critical data such as price perception and sentiment analysis, giving travel sites access to a comprehensive overview of the customer booking journey, which then allows them to offer users personally tailored deals.
"The platform we have developed addresses the travelers’ need to experience the holiday booking process together,” said Joyned CEO Jonathan Abraham. “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.”
Joyned has commercial agreements with dozens of international travel brands, including a strategic commercial agreement with Amadeus, the world's leading travel technology provider, OYO Vacation Homes, one of Europe's leading holiday home rental companies, and TravelUp, the UK's leading travel arrangements company.
