Spotnana raises $75 million in series B funding round

27 Jul 2022 , 08:40 AM

An investment round headed by Durable Capital Partners LP and including current investors Madrona Venture Group, Blank Ventures, ICONIQ Growth, and Mubadala Capital garnered $75 million for the cloud-based travel technology platform Spotnana.

The Travel-as-a-Service Platform, which offers cloud-based technologies to businesses, travel management organizations, suppliers, and technology providers, will help Spotnana recruit new employees and promote itself, according to the company. In only two years, Spotnana has raised more than $100 million, and the number of its employees has more than quadrupled to over 200 since 2021.

Sarosh Waghmar, the CEO of the business with more than 20 years of expertise in the travel sector, and Shikhar Agarwal, the chief technology officer and former founding engineer of the analytics platform ThoughtSpot, launched Spotnana.