Barcelona-based corporate travel management platform Aervio raises €750k | EU-Startups
Summary
The startup has raised a third round of funding of €750k to support its national and international expansion from investors including TheVentureCity and Palladium Corporate Ventures. Founded in 2016, Aervio optimizes searches, prices, booking, and invoicing processes -cutting the typical time spent on travel management by as much as 90%. With this round of funding, Aervio aims to drive growth in Spain and Europe and increase investment in R&D to optimize the automation of its services. “We want to continue to push forward with implementing AI and consolidating the platform as a leading tool to assist and automate travel manager tasks,” said Santiago Montero, founder and CEO of Aervio. He said that Aervio’s main goal is “to go international, opening offices in the UK, France, Germany, Portugal and Italy.” “Corporate travel management is a huge industry with a wide range of tasks and processes than can be enhanced by technology,” said Andrés Dancausa, VP Growth Accelerator EMEA at TheVentureCity.