BBVA has provided €10 million in financing to BizAway to support its acquisition of Dutch company Uniglobe Alliance Travel. The funding, backed by the European Union and European Investment Fund through the InvestEU programme, will help the scaleup consolidate its presence in Northern Europe and expand its client portfolio in Belgium, the Netherlands, and Luxembourg. Founded in 2015 between Italy and Spain, BizAway operates across several European and Middle Eastern countries, serving over 2,000 companies. Its platform centralises business travel management with round-the-clock assistance services. The acquisition of Uniglobe Alliance Travel, which specialises in corporate travel, forms part of BizAway's growth strategy combining organic development and selective acquisitions. CEO Luca Carlucci said the financing will provide flexibility to accelerate expansion and strengthen technology investment whilst maintaining service quality.

Traveltech companies in Europe are transforming the way people travel, offering innovative solutions that enhance the entire travel experience. From booking and itinerary management to personalized recommendations and seamless transportation, these companies are leveraging cutting-edge technologies like artificial intelligence, machine learning, and data analytics to drive the future of travel. As we look ahead to 2025, we can expect further innovation in the sector. Advances in AI, automation, and seamless integration of services will provide even more personalized and frictionless travel experiences. Sustainable travel technology, such as carbon footprint tracking and eco-friendly options, will likely become a central focus. Here are ten traveltech companies that raised the most in the first three quarters of 2024