Culture Trip Raises $80M in Large Series B Funding Round
Culture Trip, the fast-growing startup providing cultural and travel inspiration to users looking to explore the world, today announced $80M in funding. This large series B investment further demonstrates that Silicon Valley-sized startup deals are continuing in Europe.
Led by PPF Group, the round is being used to aggressively propel the business forward across all areas, including an immediate bolstering of its executive team with key hires joining from leading tech companies, and a product redesign launching today.
Off the back of the raise, Culture Trip will also use the funds to significantly expand its engineering and creative workforce around the world to fuel innovation, drive further audience growth and roll out various monetisation strategies.
“I started Culture Trip with the ambition of applying my long-standing passion for global culture and creativity to building a tech company that could innovate in this space,” said Dr. Kris Naudts, Founder and CEO of Culture Trip. “With this game-changing investment, Culture Trip is focused on improving the current user experience and value proposition, with the aim of building a leading, global consumer brand that will disrupt the media and travel industries through its creative content and tech.”
Ladislav Chvatal, Chief Officer for Strategic Projects of PPF Group, added, “Having watched Culture Trip’s tremendous growth over the last few years, alongside the top talent and palpable passion inside the business, we see huge potential for it to truly revolutionise the media and travel industries. PPF Group is excited to help accelerate Culture Trip’s expansion plans and eager to see what lies ahead.”
With offices in New York and London, as well as an R&D team in Tel Aviv, Culture Trip moves into this next phase of development with an expanded leadership lineup from tech businesses, including Facebook, Google and YouTube.
Joining as CMO, Mike Fox will oversee the company’s global marketing division with a focus on audience growth and turning users into a powerful global community connected through shared interests. Previously, Fox was at Facebook and part of the early team responsible for growing Facebook’s annual advertising business. Recently appointed CRO, Dick Soule, will be tasked with expanding and diversifying Culture Trip’s monetisation efforts across multiple markets. Soule was the first head of global sales at YouTube, playing a key role in developing and driving their sponsorship and media programme. He also possesses AR and VR experience from his more recent positions representing Samsung VR and Jaunt VR.
These executive appointments will work alongside Nick Jakobi, Chief Product Officer, who previously joined Culture Trip, having worked at Facebook and Google, bringing with him significant product and AI experience. Also grounded in tech, Culture Trip’s Board of Directors includes Dr. Nelson Mattos, former Vice President of Engineering for EMEA at Google, as well as Yariv Adan, Product Lead on the Google Assistant.
“I’m thrilled to have such world-class tech talent on our growing executive team and Board,” said Dr. Kris Naudts. "With this investment and quality of leadership, Culture Trip is now ready to enter a new phase of hyper-growth.”
The company, today, also launched a new brand aesthetic to its product, (website, app and social channels), with a new logo and colour palette. Plus, new smart tech features, including wish lists, integrated Google maps and planning tools, are being rolled out as the platform starts to offer a more seamless experience for the global traveller.
This collective announcement comes on the heels of Culture Trip’s recent reveal of plans to launch an online travel booking division later this year, connecting boutique hotels, independent hotels, hostels and experience providers with the company’s rapidly rising millennial following.
For a look at the creative content produced by Culture Trip, please visit here.
About Culture Trip
Culture Trip is a fast-growing startup inspiring and enabling people to explore the world’s culture and creativity. Its in-house creative teams in London and NY together with its global network of 300+ freelance contributors have produced approximately 75,000 articles, videos, photos, illustrations and animation, currently featured on the company’s website, app and social channels. The inspirational content spans most formats and verticals, with location playing a role in every story. The company’s engineering teams are based in Tel Aviv and London. Founded by former academic psychiatrist Dr. Kris Naudts, Culture Trip has been dubbed one of the UK’s fastest-growing companies by Forbes UK. Culture Trip attracts more than 15 million monthly unique visitors to its website each month and has a social media following exceeding 5 million. Its video content has generated more than 1 billion views last year, its app has been downloaded nearly a million times and thousands of people subscribe to its monthly newsletter. Explore the world and visit www.culturetrip.com, or connect with us on Linkedin, Facebook, Instagram, Pinterest.
PPF Group invests into multiple market segments such as banking and financial services, telecommunications, biotechnology, insurance, real estate, and agriculture. PPF’s reach spans from Europe to Russia, the USA and across Asia. PPF Group owns assets of almost EUR 35 billion (as at 30 June 2017). PPF Group employees 170,000 people globally.
More info: www.ppf.eu
For more than 50 years, Business Wire has been the global leader in press release distribution and regulatory disclosure.
Tilaa tiedotteet sähköpostiisi
Haluatko tietää asioista ensimmäisten joukossa? Kun tilaat mediatiedotteemme, saat ne sähköpostiisi välittömästi julkaisuhetkellä. Tilauksen voit halutessasi perua milloin tahansa.
Lue lisää julkaisijalta Business Wire
American Airlines Announces Nonstop Philadelphia (PHL) to Orlando Melbourne (MLB)22.9.2018 01:13 | Tiedote
Glorious beaches by day and theme park fireworks by night just got more convenient for Philadelphia travelers. American Airlines announced today that it will begin nonstop flights to Orlando Melbourne International Airport (MLB) starting February 16, 2019. The Central Florida airport is conveniently located in the heart of the tourism region and is the closest airport to NASA rocket launches, Port Canaveral’s cruises and what critics call “some of the most beautiful beaches Florida has to offer.” The flights will depart Saturdays from Philadelphia at 8:05 a.m., arriving in Florida at 10:48 a.m. The Embraer 175 jet arrival time syncs perfectly with cruise ship noon early boarding. Melbourne Airport Express offers nonstop shuttle service to the port, and all major rental car companies are onsite. The return flight to PHL departs at 11:24 a.m. and arrives in PHL at 1:55 p.m., with enough time to connect to some of American’s largest international destinations, including recently announced
Amy Palladino Joins BCW as Executive Vice President, Managing Director, Corporate Practice21.9.2018 20:43 | Tiedote
BCW (Burson Cohn & Wolfe), a leading global communications agency, today announced that Amy Palladino has joined the agency as Executive Vice President, Managing Director in the agency’s U.S. Corporate Practice. Based in New York, Palladino will focus on senior client counsel and executive positioning for the agency’s largest corporate clients. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20180921005507/en/ Amy Palladino Joins BCW (Burson Cohn & Wolfe) “Amy is a talented and highly experienced communications executive with a track record of solving clients’ complex challenges and building business through smart, integrated communications approaches,” said Chris Foster, President, North America, BCW. “Her creativity and judgement will be enormously valuable to our current and prospective clients.” Palladino has more than 20 years of experience advising global clients across numerous industries, including technology, healthcar
Heidelberg Engineering Announces the CE-Marking of ANTERION21.9.2018 19:41 | Tiedote
Heidelberg Engineering, the leader in diagnostic imaging known for the internationally-acclaimed SPECTRALIS ® retina and glaucoma platform, announces the CE-marking of ANTERION ® – an innovative platform designed to transform anterior segment diagnostics and workflow. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20180921005442/en/ The new Heidelberg Engineering ANTERION® provides the most important anterior segment examinations and measurements in one modular, upgradeable platform. (Graphic: Business Wire) The new ANTERION provides the most important anterior segment examinations and measurements in one modular, upgradeable platform. It is a single, workflow-efficient solution that brings together corneal topography and tomography, anterior segment metrics, axial length measurement and IOL calculation to transform the day-to-day routine of busy practices and clinics. Heidelberg Engineering has leveraged its core OCT technolo
Florian Winterstein Becomes New CEO of Jedox21.9.2018 18:46 | Tiedote
The supervisory board of Jedox AG, a leading vendor of business intelligence and enterprise planning software, has appointed Florian Winterstein as Chief Executive Officer (CEO) effective October 2, 2018. This nomination will support Jedox’s international growth and a new development phase initiated by its latest fund raising in April 2018 with Iris Capital, eCAPITAL entrepreneurial Partners AG and Wecken & Cie. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20180921005416/en/ Florian Winterstein (Photo: Business Wire) With 25 years of experience in strategy consulting and leadership in software and service organizations, Winterstein brings to the company a valuable combination of expertise in cloud solutions, business development, and value creation for customers and partners. As former Chief Strategy Officer of BravoSolution, he positioned the software-as-a-service company as trendsetting digitalization partner, extending it
Avinor to Test Autonomous Snowploughs at Oslo Airport This Winter21.9.2018 17:37 | Tiedote
Since 2010 Avinor has had a vision and a desire to automate winter maintenance. In March autonomous snow clearing was demonstrated at Fagernes Airport, and this winter Avinor is taking this a step further by testing two autonomous snowploughs at Oslo Airport. The project is one of the first globally where large machinery will operate autonomously to keep snow away from airport areas. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20180921005363/en/ Avinor to Test Autonomous Snowploughs at Oslo Airport This Winter (Photo: Business Wire) “Innovation is important to Avinor. In the future, many tasks in aviation will be resolved in other ways than today. Avinor wants to test autonomy, and does of course see a potential for rationalization in the future through new solutions for winter operations and in other areas. Avinor is at the forefront of testing this technology, but it is essential that safety is ensured in all such testing
Takeda Receives Positive CHMP Opinion Recommending ALUNBRIG® (brigatinib) for the Treatment of ALK+ Non-Small Cell Lung Cancer in Patients Previously Treated with Crizotinib21.9.2018 16:30 | Tiedote
Takeda Pharmaceutical Company Limited (TSE: 4502) today announced that the European Medicines Agency’s (EMA) Committee for Medicinal Products for Human Use (CHMP) has adopted a positive opinion, recommending the full approval of ALUNBRIG® (brigatinib) as a monotherapy for the treatment of adult patients with anaplastic lymphoma kinase-positive (ALK+) advanced non-small cell lung cancer (NSCLC) previously treated with crizotinib. ALUNBRIG is a tyrosine kinase inhibitor (TKI) designed to target and inhibit the ALK mutation in NSCLC. Approximately three to five percent of NSCLC patients globally have the ALK mutation. If the CHMP opinion is affirmed, and the European Commission approves ALUNBRIG, it will become the only ALK inhibitor available in the European Union as a one tablet per day dose that can be taken with or without food. The randomized, global Phase 2 ALTA trial was designed to investigate the efficacy and safety of ALUNBRIG in patients with locally advanced or metastatic ALK+
Uutishuoneessa voit lukea tiedotteitamme ja muuta julkaisemaamme materiaalia. Löydät sieltä niin yhteyshenkilöidemme tiedot kuin vapaasti julkaistavissa olevia kuvia ja videoita. Uutishuoneessa voit nähdä myös sosiaalisen median sisältöjä. Kaikki STT Infossa julkaistu materiaali on vapaasti median käytettävissä.Tutustu uutishuoneeseemme