Jerusalem-based travel technology startup, Joyned, has successfully raised $8 million in a Series A funding round. This milestone has been achieved with the strong backing of prominent investors, including Reach Markets, Sentor Investments, Velocity Ventures, and Lucerne Investment Partners.
Funding for Expansion and Innovation
Joyned has ambitious plans for the capital it has secured. The company is set to channel these funds towards several key initiatives:
- Product Development: Joyned aims to enhance its existing offerings and develop new innovative solutions.
- International Growth: The company plans to expand its presence in international markets, further solidifying its position as a global player in the travel tech industry.
- Business Development: Joyned intends to strengthen its business development efforts, forging partnerships and collaborations to fuel its growth.
- Sales and Growth Processes: The funding will also be used to drive sales and streamline growth processes, ensuring a sustainable and prosperous future.
Revolutionizing Travel Booking
Joyned, under the leadership of CEO Jonathan Abraham, is transforming the way people book trips, vacations, and holidays. By making the travel booking experience collaborative, Joyned allows customers to plan their adventures together. The platform offers a seamless, cross-website experience for online shoppers, empowering travel websites of all sizes to harness their customers’ natural social interactions directly on their platforms.
Leveraging AI for Social Revenue
At the heart of Joyned’s offering is its AI-based social revenue platform. This technology analyzes and identifies group-buying intentions from consumer data. It provides actionable insights that offer visibility into buyers’ decision-making processes, intent, group dynamics, conversations, and activities. These insights enable travel agencies, hotel chains, booking sites, and travel tech providers to optimize their revenue, conversions, and customer lifetime value.
The Impact on the Travel Industry
Joyned’s innovative approach has made it a valuable asset for various segments of the travel industry. Online travel agencies, hotel chains, booking platforms, and travel tech providers have all leveraged Joyned’s capabilities to drive revenue growth and enhance customer engagement.
Hi, I’m Oren, founder at BIGINTRO, a content strategy agency that helps B2B companies drive growth. We develop search, social, PR, and content marketing strategies tailored to business goals. I also have a dog named Milo.