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Reading: MENA Travel Startup Tumodo Bags $35M for Expansion
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StartupsTravel

MENA Travel Startup Tumodo Bags $35M for Expansion

Archy Ehan
Last updated: February 12, 2024 1:33 pm
Archy Ehan
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2 Min Read
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  • Dubai travel startup Tumodo bags $35M pre-seed for global expansion by 2026.
  • Offers tailored booking solutions to reduce business trip planning expenses by 35%.
  • Leverages funds to grow regional customer base and enter 25 new country markets.

Contents
$35M pre-seed boost for global expansionTravel with AIGrowth and market expansion

$35M pre-seed boost for global expansion

Dubai-based corporate travel platform Tumodo pulled in an impressive $35 million pre-seed funding round this week to accelerate regional and global expansion plans after the 2023 launch.

The B2B travel facilitator builds tailored booking solutions, enabling clients to reduce trip planning expenses by 35% on average.

Travel with AI

Tumodo claims its centralized systems and AI-powered automation tools condense complex travel coordination workflows into minutes versus hours for enterprise trip managers.

The company integrates travel approval routing and expense reporting across over 400 airline partners.

The sizable early backing came from prominent MENA angel investors keen to tap the underserved market by streamlining business trips.

Growth and market expansion

Tumodo will leverage the funds to grow its existing regional customer base while targeting 25 additional country markets by 2026.

“This facilitates employee productivity and ensures travel policy compliance through established company processes,” explained chief commercial officer Stan Klyuy of the turnkey offerings.

Business travel demand rebounds but requires extra layers of financial control. Tumodo is preparing to scale its all-in-one platform built for simplifying end-to-end corporate journey management.

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