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‘AWS for the travel industry’: Spotnana, backed by Madrona, lands $75M

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New York Metropolis startup Spotnana introduced a $75 million Collection B spherical led by Sturdy Capital Companions LP. Based by Sarosh Waghmar and Shikhar Agarwal in 2020, the corporate presents a platform for reserving and planning enterprise journey.

Seattle-based Madrona Enterprise Group, which co-led a Collection A spherical final yr, invested within the newest spherical, together with ICONIQ Development, Mubadala Capital, and Clean Ventures. “Spotnana is concentrated on rebuilding the know-how infrastructure for the journey trade, successfully constructing AWS for the multi-trillion journey trade,” Steve Singh, co-founder of Concur and managing director at Madrona, instructed GeekWire. “It’s an open platform that anybody within the trade can innovate upon.”

Singh predicts that enterprise journey will come “roaring again” after the pandemic crushed many journey firms. Air journey and tourism usually are not anticipated to return to 2019 ranges earlier than 2024, McKinsey reported in Might.

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