PerfectStay, a Paris-based travel distribution technology company, has raised $17.6 million (€15 million), which is the company’s total raised to date.
Felix Capital and Partech led the round.
The Paris-based travel startup said they’d already achieved a turnover of €13.4 million in 2017, its first commercial year. This turnover has already been doubled by the end of May 2018 and the founders expect a growth of at least 500% this year. This performance is driven by a unique distribution model, designed and deployed by PerfectStay. It uses an internally developed technology that is innovative, powerful, fast and totally optimised for mobile. It allows major brands to offer their customers an exclusive high quality travel offer.
PerfectStay’s scheme is based on creating an exclusive BtoBtoC offer for each partner, unlike white label devices that offer identical products for all players. The travel offer is thus specific to each brand and takes into account the expectations of its customers, allowing it to generate up to 20 times more sales than with a traditional model.
PerfectStays has focused on markets in the UK and Germany until now. It has 80 full-time employees but plans to double that within a year. The founders of the startup were previously top executives at Publicis, Lastminute, Karavel-Promovacances, and Ecotour.