Airbnb-backed WeRoad raises $58M to take its group travel platform to the US
WeRoad, a Milan-based group travel startup, secured $58 million in Series C funding led by Airbnb to support its expansion into the U.S., starting with Austin, increasing its total capital raised to approximately $100 million.
MAIN POINTS
- WeRoad is a group travel startup based in Milan.
- The company raised $58 million in a Series C funding round.
- Airbnb led the funding round for WeRoad.
- WeRoad plans to expand into the U.S., starting with Austin.
TAKEAWAYS
- WeRoad's total capital raised now amounts to around $100 million.
- The Series C funding marks WeRoad's first major expansion outside Europe.
- The investment signifies strong support from Airbnb for WeRoad's growth.
- Austin, Texas, is the initial target for WeRoad's U.S. market entry.