Forbes Magazine put a daring declaration on the cover of its October edition: “Cash is King”. That surprised me, and so I decided to have a look if that’s true, and what the hard data says. That’s because I remember…
Hamburg 08.08.2018 – Voya, the leading online business travel solution for SMEs, raised a Series A financing led by Rockaway Ventures with participation from previous investors Global Founders Capital and MOTU Ventures.
Voya will use the new funds to expand its teams and further advance the product to offer its clients the most convenient service and the best experience in business travel.
“We were looking extensively into the business travel market as we expand our travel focus and European activities. Voya impressed us with their full product offering, ranging from booking to expense management, and with their management team ability to execute,” says Viktor Fischer, Investment Partner at Rockaway Ventures. Rockaway Ventures is the VC part of Rockaway Capital, which established a strong foothold in the travel industry by building Invia Group (Invia.com), a pan-European leader in online traveling operating in seven markets via brands such as fluege.de, ab-in-den-urlaub.de, reisen.de or Invia.cz. In 2017, Invia Group served more than 3 million travelers achieving over €1.4 billion in total transaction volume (TTV).
“Companies of all sizes today still waste an enormous amount of time finding and booking the best travel options with mediocre and non-digital tools. We want to be the simplest, most convenient and fastest way to book and manage business travel while also being among the first companies to display truly personalized options,” says Maximilian Lober, Co-Founder of Voya. “Today, users demand the best experience with no compromises – from planning to booking to expensing – and we are happy to see larger and larger clients deciding to book with us.”
The digitalisation of B2B travel is deemed to be the next frontier of the travel industry. In Germany alone, SME companies spend approximately €40 billion each year on travel while still relying on non-digital processes. Voya offers its clients a complete end-to-end online booking service on web and mobile for flights, hotels, trains and car rentals. The chat-based platform also applies machine-learning technology to offer both – a smart, personal service and the best-matching online content. “Using Voya, we not only offer our employees more comfort and around-the-clock service, but also a digital and mobile solution that really appeals to our colleagues and fits perfectly with our corporate philosophy,” explains Daniel Seifert-Ziehe, Leader Digital Transformation at one of Voya’s largest clients.
Voya is the leading online business travel solution for SME companies with a travel volume between €250k and €2.5 million. Over 150 innovative, frequently flying companies – like mymuesli, Savencia and BEOS – use Voya to offer their employees the most user-centric online travel booking solution. Backed by leading venture capitalists including Global Founders Capital, Rockaway Ventures, 500 Startups and Motu Ventures, Voya is further expanding the team in all office locations.
Learn more at www.voya.ai