What is Splitty?
Founded in 2015, Splitty operates as a unique booking platform that leverages advanced machine-learning algorithms to offer consumers creative and unbeatable hotel booking deals. By consolidating multiple booking options into a single reservation, Splitty aims to provide travelers with exceptional value while ensuring a seamless user experience. The company's proprietary algorithm, developed over three years by an experienced team with backgrounds at industry giants like Huawei, Microsoft, Skyscanner, and Expedia, has achieved global coverage across more than 500,000 properties in 127 countries. This innovative approach positions Splitty as a leader in intelligent travel commerce.
How much funding has Splitty raised?
Splitty has raised a total of $9.2M across 2 funding rounds:
Angel/Seed
$2.4M
Series A
$6.8M
Angel/Seed (2017): $2.4M with participation from Techstars Accelerator, BIP Capital., and AOL
Series A (2019): $6.8M led by Fosun
Key Investors in Splitty
Fosun
Fosun International, headquartered in Shanghai, China, is a technology-driven consumer group operating in industries including pharmaceuticals and travel/leisure. Their investment in Splitty suggests a strategic interest in the travel technology sector.
Techstars Accelerator
Techstars is a global network focused on empowering entrepreneurs and building thriving startup communities through accelerator programs and venture capital. Their backing of Splitty indicates confidence in early-stage innovation within the travel tech space.
AOL
AOL is a digital media company providing curated content and online services. Their participation in Splitty's funding round suggests an interest in innovative consumer-facing platforms within the digital travel ecosystem.
What's next for Splitty?
The recent major strategic investment signals a new phase of expansion and development for Splitty. This capital infusion is expected to fuel further enhancement of its award-winning algorithm, broader market penetration, and potential expansion into new travel verticals. With a strong foundation built on technological innovation and a seasoned leadership team, Splitty is poised to further disrupt the online travel agency market and solidify its position as a key player in providing consumers with optimized travel booking solutions.
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