Monday, December 23, 2024
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Joyned receives $8M in funding


Travel tech startup Joyned has received $8 million, wrapping its Series A funding round.

Joyned, which is focused on innovative social revenue and allows users to book trips together online, will use the funding to work toward becoming a global growth engine for travel brands.

Jonathan Abraham, CEO of Joyned, said the company is proud to have received the funding from โ€œleading funds,โ€ including Reach Markets, Sentor Investments and Velocity Ventures, along with Lucerne Investment Partners.

“The platform we have developed addresses the travelersโ€™ need to experience the holiday booking process together. We are the first to bridge the gap between users’ desire for shared experiences and the possibility of doing so,โ€ he said. โ€œTogether with our partners, we are making a significant difference to the global hospitality industry, which is expected to roll over $4.6 trillion by the end of the year.โ€

Joyned enables online travel agencies, hotels and other booking sites to offer group travel planning and
booking on their websites, to create a seamless and collaborative booking process.ย 

The technology allows travel brands to own their clientsโ€™ social engagements and boost conversion rates. The artificial intelligence-based revenue platform by Joyned helps to point out data including price perception and sentiment analysis too, allowing for sites to have a more comprehensive look at their customersโ€™ booking journey.

Jonathan Cocks, partner at Velocity Ventures, expressed admiration for Joynedโ€™s processes.

โ€œJoynedโ€™s innovative approach to collaborative travel booking experiences and its ability to drive engagement and conversions make it a standout player in the market,โ€ said Cocks. “This investment will help catalyze Joyned’s expansion efforts and create lasting value for both customers and stakeholders.”



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