French travel startup Evaneos closed a series B funding round of $6 million from a group of investors led by XAnge Private Equity. ISAI, a previous investor, is also among the participants. The company says fresh money will be used in expanding into new territories in Europe other than France, Germany, Spain and Italy where it already operates.
Paris-headquartered startup also plans to improve ‘social’ functions of the site by introducing new tools to let users share information, comments, opinions and photos via their account, TechCrunch reports.
Founded by Eric La Bonnardière and Yvan Wibaux four years ago, Evaneos aims to cut off the big intermediary tour operators from the turn-key sales of specialty tours, letting the traveler to search, design and calculate costs for their customized trips via direct contact with ‘Destination Management Companies’ enlisted in each destination.
Evaneos charges a fee from travel agencies for each transaction and its earnings have reportedly doubled from €7 million in 2011 to €14 in 2012.