SilverRail has become the latest beneficiary of the travel tech spending binge, picking up a further USD40 million from its latest capital  raising. This means that since late December, when Amadeus bought Newmarket International for USD500 million, investors have splurged at least $3.3 billion on travel technology or internet companies.

The list, which is incomplete, includes:

  • SilverRail raises USD40 million to expand (April)
  • Alibaba, the Chinese internet juggernaut, spends USD1.2 billion to buy 100% of mapping and navigation company AutoNavi (April)
  • Hotel tech outfit DerbySoft gets USD9 million to fund growth (April)
  • Amadeus pays €46 million (USD63m) for 68.5% of German corporate travel tech company i:FAO (April)
  • GrabTaxi, an app, said to have raised USD10 million (April)
  • Carrot, a Mexican car sharing site, wangles USD2 million from investors (April)
  • Airbnb puts its hand out and receives an extra USD450-USD500 million, depending on which report you believe, valuing the company at USD10 billion (April)
  • Genstar more than trebled its investment in TravelClick, selling the hospitality software and services firm for USD930m to another private equity company, Thoma Bravo (March)
  • Ride sharing startup Lyft gets an extraordinary USD150 million injection (March)
  • SiteMinder (accommodation distribution) receives USD30 million (January)
  • Newmarket International is bought by Amadeus for USD500 million (December)

No doubt there are deals that have been missed, but it’s an impressive roll call.

Excellent money for companies with the right idea in the right place at the right time.

You’d also have to say it smells an awful lot like 1999.

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