Exoticca, a leading travel tech platform for multi-day tour packages, announced that it secured a €25 million venture debt facility from BBVA Spark. This new funding round complements the company’s recent €60 million Series D equity round led by Quadrille Capital, bringing the total funding from this round to €85 million.
This venture debt facility will support Exoticca’s vision to become the global leader in long and complex connected trips by continuing to invest in its AI-powered interconnectivity tech systems. This additional investment reinforces the company’s leading position as a digital pioneer in the €100 billion multi-day tour package sector.
Most of the new funding will be dedicated to enhancing Exoticca’s proprietary AI platform. And the company is developing advanced AI algorithms to interconnect all components in connected trips to synchronize services, personalize travel recommendations, optimize pricing strategies and automate complex itinerary creation. These enable more precise matching of travelers with their ideal destinations and experiences with a seamless end-to-end customer experience while simultaneously improving the efficiency of Exoticca’s operations and strengthening relationships with local partners worldwide.
This new funding round builds on Exoticca’s successful Series D equity round announced in July 2024. Quadrille Capital led the round, which included new investors such as Acurio ICF and existing investors, including 14W, Mangrove, Bonsai, Sabadell, and Aldea.
KEY QUOTES:
“Exoticca was founded with the mission of revolutionizing the multi-day, multi-location connected trip by digitizing a category that has historically relied on physical channels and manual processes. Thanks to our technology, we can connect all services of a complex trip to offer a seamless online booking and travel experience, enabling travelers to access unique experiences at more competitive prices. This additional venture debt from BBVA Spark gives us even more flexibility to keep innovating in our business model and expand our international presence, particularly in key markets like North America, where we already generate more than 75% of our business.”
– Pere Vallès, CEO of Exoticca
“BBVA Spark is once again delighted to support Exoticca with this €25 million agreement, in addition to the €4 million we already signed in 2024. Exoticca is a clear example of a technology company that has successfully scaled and internationalized by digitizing the type of travel experience that until relatively recently was only available in physical stores.”
– Miguel Ángel Alcalá, head of BBVA Spark in Spain
