In another positive signal for tours, activities and attractions, Civitatis has received investment from international investment fund Vitruvian Partners. The Spanish online travel agency will use the money to grow in Latin America and further across Europe.
Few details about the transaction have been disclosed. Vitruvian has said it is expecting to invest more than $109M (€100M) in Civitatis.
Madrid-based Civitatis is an OTA for experiences in the Spanish-speaking market founded in 2008. It has 70,000 activities in more than 3,000 destinations and says it expects to serve 7 million guests in 2022. It had been fully-owned by founder and CEO Alberto Gutierrez Pascual.
Vitruvian Partners is an investor in companies such as Just Eat, the food delivery app, flight metasearch Skyscanner, and Transferwise, a platform for transferring money. It has a number of other investments in the travel sector. Civitatis appears to be Vitruvian’s only investment in the experiences space.
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