Caixa Capital Risc exits Travel Compositor, which joins European leader Travelsoft
Travel Compositor, the leading platform in Southern Europe’s markets, has joined Travelsoft, the SaaS/Travel leader in Europe. Caixa Capital Risc and the remaining investors who participated in Travel Compositor’s fundraising round in 2016 have successfully exited.
Founded in 2014 by Manuel Aragonés and Vicente Rosselló, Travel Compositor’s holistic approach to booking engines, particularly the “multi-destination”; engine, and constant innovation, quickly established the platform in Southern Europe’s markets. After an excellent year in 2022, growth prospects are very significant in its historical markets in continental Europe, as well as in emerging markets such as Latin America and Asia. lts stakes in startups MOGU and Top Group Express will also join Travelsoft.
Travelsoft will now transact bookings in the order of 5 billion Euros annually through over 300 tour operators connected to 600 suppliers in over 40 countries, mainly in Europe and the Americas.
Manuel Aragonés, co-founder of Travel Compositor, says: “We are very excited to join such a global project to further build out our tech edge and business. Less than 9 years after the creation of Travel Compositor, we are entering an exciting new phase of accelerated growth in Europe, Latin America and Asia”. His co-founder Vicente Rosselló sees “significant potential for synergies and new developments between the different platforms of the Travelsoft group, particularly in terms of direct connectivity with airlines and hotels and in the various upcoming innovations.”
Xavier Alvarez, managing director of Caixa Capital Risc Tech Funds, said: “We invested in Travel Compositor when they were starting their international expansion, and since then, the company has grown to become a great technology company, with a solid recognition platform throughout the travel industry. This success has attired the attention of a large company like Travel Soft, who detected the opportunity to join Travel Compositor and together create one of the most relevant and innovative players in the industry.”
“We are very pleased to have been part of its journey in recent years. This is an example of a company we want to invest in, with the ability to drive progress in its sector, and to bring added value that makes it highly attractive to an international leader”, he added.