GetYourGuide closes $133M convertible note as travel startups continue to weather the COVID-19 storm

GetYourGuide closes $133M convertible note as travel startups continue to weather the COVID-19 storm

On the heels of Germany revealing another lockdown to attempt to contain the rapid rise in COVID-19 cases in the country, one of the most popular start-ups in its capital city is announcing the closing of a large convertible note to help it keep moving on. GetYourGuide, which in brighter times runs a growing and viral […] At least this summertime, company a little began to recover, with GetYourGuide seeing a bounce back in its house nation, with ticket sales up 60% in Germany over the warmer months, with people also looking at making far-far-foward bookings in basic, too. The belief, it appears, is that the market– not just GetYourGuide, but the rest of it, too– is trustworthy enough for brand-new backers likewise to come in.”We have a natural affinity with the talented, entrepreneurial group at GetYourGuide, provided Searchlight’s own enterprising culture and our success in partnering with founder-led services,” he said. “While 2020 has unquestionably been a tough year for the travel sector, we think GetYourGuide has the ideal strategy, capabilities and investor assistance in place to rebound highly as soon as the pandemic is under control. …

Travel startups cry foul over what Google’s doing with their data

Travel startups cry foul over what Google’s doing with their data

As the antitrust drumbeat continues to pound on tech giants, with Reuters reporting comments today from the U.S. Justice Department that it’s moving “full-tilt” on an investigation of platform giants including Google parent Alphabet, startups in Europe’s travel sector are dialing up their allegations of anti-competitive behavior against the search giant. Google has near complete […] …