Business travel management platform BizAway has secured medium-term funding of €10 million to complete new acquisitions and invest in research and development.
The investment was led by Indifference, which chose to support the development after analyzing BizAway’s growth plans, the company said. Existing shareholders also contribute to the fund.
The new money for the Italian-based company founded in 2015 follows funding rounds of €2 million and €2.5 million in 2020 and one of €10 million in 2022.
Subscribe to our newsletter below
“We are very happy and grateful for this result, which will allow us to strengthen and change further,” said BizAway CEO and co-founder Luca Carlucci. “Thanks to this investment, we will be able to create new solutions to support large companies with the aim of simplifying procedures related to business travel and providing a better and more complete experience.”
BizAway said it currently has more than 200 employees in eight locations around the world and provides business travel management services to more than 1,500 clients.
