French travel marketplace Evaneos secures massive €70M in Series D funding round led by Partech

French travel marketplace Evaneos secures massive €70M in Series D funding round led by Partech

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In a recent development, Evaneos has raised $81 million (approximately €70 million) of funding in a Series D round. The recent round of funding was led by Partech and was also supported by Level Equity and Quadrille Capital. Further, existing shareholders XAnge, Serena Capital, and Bpifrance also played a role. The company announced that this investment will be used for the expansion of the Paris-based company outside the European market in North America.

The online travel marketplace Evaneos was founded in 2009 by engineers Éric La Bonnardière and Yvan Wibaux. The company has become a game changer in the tourism sector. The platform helps tourists connect with a list of local travel agencies that will help them book personalized trips.

Secures €94 million funding

Till date, the online travel platform raised $109 million (approx. €94 million) funding in venture capital. The company touts that it has over 300,000 travelers and over 1,300 local partner agencies to help them imagine and build their trip. It covers 160 destinations in several European countries including the Netherlands, Italy, Denmark, Spain, the UK, Germany, Belgium, Switzerland and Sweden. It is a pioneer in the continent to offer personalized trips.

Focuses on expansion

Evaneos has 180 employees in France. It focuses on expanding its market presence by hiring 70 more employees with North America being the target.

Home to personalized trips

This Paris-based company is the destination you need to choose if you want to enjoy a unique and tailor-made holiday experience. The local agents that belong to the community have enough expertise to create a 100% customized trip. There are over 8000 travel ideas to discover and personalize be it trekking, safari, or anything else that suits your desires.

“Our business model is attracting an increasing number of European travelers each year, which makes us confident in our ability to become a global player in the tourism industry,” said Evaneos cofounder and president Eric La Bonnardière. “This investment will now give us the necessary resources to move forward with even greater ambitions, and I look forward to welcoming our new international investors who will be at our side every step of the way.”

“The relevance of Evaneos’ innovative value proposition stems from their strong in-depth understanding of travelers’ and local agents’ expectations,” said Partech general partner Bruno Crémel. “Evaneos’ key contribution to local agents’ development and the constant expansion of its network of international partners are additional elements which convinced us at Partech to support Evaneos in its new growth phase.”

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