202109 Apr
The Briefing: Traveloka Eyes $5B SPAC Deal, SnackMagic Lands Series A, And More
Type
Funding Rounds
Companies
Funding
202109 Apr
$6MSeed
Source
Crunchbase
Summary

Indonesia-based online travel booking platform Traveloka is in advanced talks to go public through a merger with a blank-check acquirer, according to a Bloomberg report citing unnamed sources. The company is reportedly seeking to merge with Bridgetown Holdings Ltd., a SPAC backed by billionaires Richard Li and Peter Thiel. Founded in 2012, Traveloka has raised at least $1.2 billion in known funding, per Crunchbase data. The company markets its offering as a potential work-from-home employee perk, a sales prospecting tool, or a gift. Abzu lands $6M for AI: Abzu, a Danish startup developing AI-based software for use cases including predictions and modeling, raised $6 million in a seed funding round led by Denmark’s Seed Capital and PreSeed Ventures, and Finland’s Inventure.

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