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Cruisebound Raises $13M to Scale its Digital-First Cruise Booking Platform
- Cruisebound has raised $13m in funding, to scale its digital-first cruise booking platform.
- The company's platform offers a comprehensive comparison and reservation service, aggregating offerings across all major cruise lines.
- The platform delivers agency-level service through both web and mobile interfaces, significantly reducing research time for consumers.
- Cruisebound has an extensive inventory of over 27,000 itineraries, ensuring consumers receive transparent pricing.
- With an industry where 80% of bookings are facilitated through travel agencies, Cruisebound has developed a streamlined digital solution to simplify the process.
- The latest funding round brought the company's total funding raised to $25.7m, with participation from Thayer Ventures, Link Ventures, and other investors.
- Cruisebound has had triple-digit revenue growth over the past two years.
- The current financing will fuel the company’s growth, adding new partners and inventory, and simplifying the booking process.
- Cruise industry is expected to reach $66bn in revenue by the end of 2024, and the majority of the bookings facilitated through travel agents.
- Cruisebound makes money from booking commissions.
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