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Planned, Travel and Events Platform, Raises $35 Million in Series B Funding

Planned, a travel and events platform, announced it has raised $35 million in a Series B round led by Drive Capital, with the participation of…

Written by:

Harvey Chipkin

Published on:

July 19, 2024
Planned, Travel and Events Platform, Raises $35 Million in Series B Funding

Planned, a travel and events platform, announced it has raised $35 million in a Series B round led by Drive Capital, with the participation of Outsiders Fund and two other firms. This new funding brings the total capital raised by Planned to $65 million.

Marc Bonin, CEO, said the company has made “remarkable strides” since its Series A fundraising, “achieving a 30x increase in revenue and earning the trust of major clients including PwC, Block, and AWS.”

The Series B funding will enable Planned to reinforce its AI capabilities, continue its global expansion, and launch its Online Booking Tool to become the first one-stop-shop for travel and event leaders, said the announcement.

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Bonin said the meetings and events industry is highly complex and remains profoundly traditional and labor-intensive to this day. Planned’ s vision, he said, is that by combining human service and AI, “we can challenge the status quo that traditional travel and sourcing agencies present and provide a faster, more personalized service to clients. We believe that the TMC of the future has to be tech-enabled, and fundraising will allow us to accelerate our development.”

By augmenting sourcing capabilities through its AI-driven platform, said the announcement, Planned ensures that 100% of travel and events are booked within policy, at the right price.

In addition to the funding announcement, Planned said that Frederic Lalonde, CEO and Co-Founder of Hopper and former vice president, at Expedia, to its board of directors.

Categories: News, TechnologyTags: AI, Planned, Technology

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