# Spotnana Technology

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/spotnana-technology

- Industry: Software
- Headquarters: New York, US
- Website: www.spotnana.com
- Total disclosed funding: $115M
- Latest round: Series B (May 13, 2022)
- Investors on record: 9

## About

Spotnana Technology, Inc. is a New York-based company that specializes in providing a comprehensive Travel-as-a-Service platform, enhancing travel management for various stakeholders in the travel ecosystem.Spotnana Technology, Inc. was founded in 2020 in New York, US, focusing on revolutionizing travel management through its innovative platform. The company has successfully secured USD 75.8 mn in Series B funding as of May 2022, led by Durable Capital Partners, with participation from returning investors like Iconiq Capital and Madrona Venture Group. CEO Sarosh Waghmar co-founded the company with Shikhar Agarwal, emphasizing advanced travel solutions for global markets.Spotnana offers a Travel-as-a-Service platform that integrates modern technology with superior service to enhance the travel experience for buyers, sellers, and providers. The core product streamlines travel management through advanced self-service capabilities, allowing travelers to personalize their journeys while maximizing control and visibility for travel buyers. Spotnana's platform supports rapid global deployment and includes comprehensive global content, catering to a diverse clientele that includes travel management companies (TMCs), corporate clients, financial services firms, leisure travel agencies, and technology companies across North America, Europe, and Asia-Pacific. The platform leverages NDC (New Distribution Capability) integration to enhance its functionality and adapt to the evolving landscape of travel needs, aiming to deliver seamless travel journeys and exceptional experiences for end users.Spotnana generates revenue through a subscription-based model that includes partnerships with travel management companies, corporations, and service providers within the travel ecosystem. Clients integrate Spotnana's Travel-as-a-Service platform into their operations to streamline travel booking and management processes. Revenue is derived from transaction fees associated with travel bookings made through the platform, alongside subscription fees for ongoing access to its services and updates. The company focuses on delivering value through customizable travel management tools and advanced analytics, targeting B2B transactions with corporate clients and direct-to-consumer engagements through partnerships with travel agencies, with pricing plans tailored to meet various client needs.Following the Series B funding of USD 75.8 mn raised in May 2022, Spotnana plans to accelerate the development of its Travel-as-a-Service platform and expand its workforce. The company is focused on launching new product features designed to enhance user experience and efficiency. Furthermore, it aims to expand into additional markets, particularly targeting regions in Europe and Asia by the end of 2023. The funding will primarily be utilized to support these development initiatives and market expansion efforts.

## Funding rounds

- Series B, May 13, 2022, $76M — Madrona Venture Group, ICONIQ Capital, Mubadala Capital, Durable Capital Partners, Blank Ventures
- Series A, Jul 28, 2021, $32M — Madrona Venture Group, ICONIQ Capital, Mubadala Capital, Decibel
- Seed, Nov 1, 2019, $7M — Madrona Venture Group, Shah Capital Partners, ICONIQ Capital, Global Founders Capital, 8VC

## Investors

- Madrona Venture Group (https://capitalatlas.ai/funds/madrona-venture-group) — Seed, Series A, Series B
- Shah Capital Partners (https://capitalatlas.ai/funds/shah-capital-partners) — Seed
- ICONIQ Capital (https://capitalatlas.ai/funds/iconiq-capital) — Seed, Series A, Series B
- Global Founders Capital (https://capitalatlas.ai/funds/global-founders-capital) — Seed
- 8VC (https://capitalatlas.ai/funds/8vc) — Seed
- Mubadala Capital (https://capitalatlas.ai/funds/mubadala-capital) — Series A, Series B
- Decibel (https://capitalatlas.ai/funds/decibel) — Series A
- Durable Capital Partners — Series B
- Blank Ventures (https://capitalatlas.ai/funds/blank-ventures) — Series B