Travel tech startup Spotnana secures $75 million in Durable Capital led Series B funding
Cloud-based travel tech platform Spotnana has announced that they have secured $75 million in a Series B funding. The round was led by Durable Capital LP, with participation from existing investors Madrona Venture Group, Blank Ventures, ICONIQ Growth and Mubadala Capital.
Steve Singh, Managing Director at Madrona Venture Group and executive chairman at Spotnana said, “Spotnana is accelerating innovation throughout the travel industry by enabling everyone to benefit from the power of cloud computing, microservices, an open platform, and open APIs.”
The company was founded in 2020 by Sarosh Waghmar and Shikhar Agarwal.
Sarosh Waghmar, CEO, Spotnana said, “The infrastructure that has been in place for decades puts huge barriers between suppliers and travellers. We provide an open platform that enables the entire travel ecosystem to work together to deliver unparalleled travel experiences, similar to the way Amazon has democratised access to computing resources in the cloud ”.
According to the company’s statement, Spotnana would be utilising the investment in hiring more staff and promoting the brand as a Travel-as-a-Service platform which provides cloud-based technology.
“Spotnana is building something new that the travel industry has never seen before. We’re bringing together engineers from Microsoft, Google, and other technology leaders to build a new high-performance infrastructure for travel,” said Shikhar Agarwal, CTO, Spotnana.