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Funding & Investment in Travel

Founder of travel tech startup Nuitée raised $48 million for its next phase: ‘That’s when we start pissing people off’

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Med Benmansour is from Casablanca and runs a travel-focused startup.

It’s an elegant coincidence—Casablanca, enshrined in the eponymous 1942 movie, is exactly the sort of travel destination that people dream about as they push their coffee around at their office desks. And since 2017, Benmansour has been building Nuitée, a travel tech infrastructure startup that provides the underlying technology that improves the famously fragmented hotel booking experience. Travel didn’t have a Stripe or Twilio, an API solution that smoothed over a high-friction, highly fragmented sector. 

“Every time you have a lot of gatekeepers, you have a fragmented space, you can disrupt that space easily,” said Benmansour, founder and CEO of Nuitée. “Travel was the only industry that did not have a strong API-first company…It was weird, to be honest with you. Okay, this is a massive industry, and yet they don’t have an API-first player.”

Bootstrapped from the beginning, Nuitée—which means “overnight stay” in French—grew to 240 employees and its customers include Hilton, Sabre, and Hopper. Now, the company is doubling down: Nuitée has raised a $48 million Series A, led by Accel, Fortune can exclusively report. Nuitée’s investors and advisors include Booking.com chairman Robert Mylod Jr., HotelTonight founder Sam Shank, Stripe CBO Jeanne DeWitt, and Shopify CRO Bobby Morrison. It’s a massive triumph for a company operating in an industry thrown into chaos by the pandemic.

“COVID was not a bad time for us,” said Benmansour, who earlier in his career worked as a Silicon Valley chip designer for Kawasaki Microelectronics. “It was actually the best time for us to show how resilient the team was. We were small, we had no debt, so we kind of bootstrapped the business. So, our balance sheet was very strong.”

Super.com, a VC-backed consumer fintech platform, has been a customer for four years, and Nuitée helps solve a core problem for them—providing “reliable hotel inventory at the best price,” said Hussein Fazal, Super.com cofounder and CEO. Fazal says Nuitée was a stable partner in the depths of the pandemic.

“Nuitée made a huge difference [during the pandemic],” said Fazal. “Even then, it felt to me from the outside, like a very stable, long-term thinking company.”

Travel isn’t exactly an industry that’s attracted VC backing, because there are lots of barriers to venture-scale returns. It’s a cyclical industry, for one, where one great quarter doesn’t promise another. 

“So, you have this cyclical nature, and then lots of times you don’t build a ton of equity value because it’s very transaction-focused,” said Ben Fletcher, Accel partner. “If you want to compete against Expedia or Booking.com, you then have to spend a ton on customer acquisition. That’s really hard.”

But Fletcher—who first met Benmansour at a travel conference in Berlin, where their first meeting stretched into five hours—thinks Nuitée is uniquely equipped to beat the odds. Nuitée is in growth mode, says Benmansour.

“The way we see this happening is like a movie of three acts,” he said. “Act One is basically, let’s say, from zero to $1 billion. That’s where we are today.”

As Fletcher eyeballs it, there’s a lot of value even in that first act. 

“If they can get Act One, they just replace aggregators and [hotel room wholesalers] bed banks,” Fletcher told Fortune. “There are aggregators and bed banks today that are worth between $2 billion and $5 billion. So, if they can continue to get a portion of that, this is going to be a $1 billion to $3 billion-valuable company.”

Then, it’s on to Act Two.

“Act Two, let’s say from $1 billion to $10 billion, that’s when we start pissing people off,” said Benmansour. “We start taking some market share…That’s one of the reasons we raised, to make sure if we run into challenges, we have the right backing and network to help us scale.”

Then, there’s Act Three, the “market-making” phase, where Nuitée aims to enable a wide range of businesses and applications to monetize their audiences through travel services. Benmansour likens this to what companies like Stripe and Twilio have done—building the infrastructure to enable a whole ecosystem of developers and businesses.

There’s a long road ahead, of course. But this three-act structure strikingly isn’t just a plan—it’s a road map that ends with Nuitée as a destination in its own right. 

ICYMI…I caught up with Databricks CEO and cofounder Ali Ghodsi about the company’s $10 billion mega-round, and my colleague Leo Schwartz had the exclusive on crypto startup BVNK’s $50 million raise. 

See you tomorrow,

Allie Garfinkle
Twitter:
@agarfinks
Email: alexandra.garfinkle@fortune.com
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VENTURE DEALS

Databricks, a San Francisco-based data AI intelligence platform, is raising $10 billion in Series J funding. Thrive Capital, Andreessen Horowitz, DST Global, GIC, Insight Partners, and WCM Investment Management led the round and were joined by ICONIQ Growth, MGX, Sands Capital, Wellington Management, and existing investor Ontario Teachers’ Pension Plan.

Hostaway, a Helsinki-based vacation rental platform, raised $365 million in funding. General Atlantic led the round and was joined by existing investor PSG Equity.

Tyme Group, a Singapore-based digital banking group, raised $250 million in Series D funding. Nubank led the round and was joined by M&G Catalyst Fund and others.

CleanCapital, a New York City-based clean energy company, raised $145 million in funding from Manulife Investment Management and others.

SiteOne Therapeutics, a South San Francisco, Calif.-based pain treatment developer, raised $100 million in Series C funding. Novo Holdings led the round and was joined by OrbiMed, Wellington Management, Mission BioCapital, and others.

Bureau, a San Francisco-based risk intelligence platform, raised $30 million in Series B funding. Sorenson Capital led the round and was joined by PayPal Ventures, existing investors Commerce Ventures, GMO Venture Partners, Village Global, and others.

Slip Robotics, an Atlanta-based automated truck-loading robots-as-a-service provider, raised $28 million in Series B funding. DCVC led the round and was joined by existing investors EVE Atlas, Tech Square Ventures, Hyde Park Venture Partners, and others.

Baller League, a London-based 6×6 football league, raised $25 million in Series A funding. EQT Ventures led the round and was joined by existing investor Dreamcraft VC and others.

Plume, a New York City-based blockchain, raised $20 million in Series A funding from Brevan Howard Digital, Haun Ventures, Galaxy Ventures, and others.

Anatomy Financial, a San Francisco-based financial operations automation platform for healthcare organizations, raised $19 million in Series A funding. Canapi Ventures led the round and was joined by existing investor Lightspeed Venture Partners.

Engineered Arts, a Falmouth, England-based humanoid robotics developer, raised $10 million in Series A funding. Helium-3 Ventures led the round and was joined by Nicolas Desmarais, Belvoir Investments, ThirtySeven Holdings, Figueira Capita, and others.

Zingbus, a Gurugram, India-based intercity bus travel platform, raised $9 million in Series A funding. bp Ventures led the round and was joined by others.

T-robotics, a San Francisco-based robotic programming developer, raised $5.4 million in seed funding. Engine Ventures and Emergent Ventures led the round and were joined by Berkeley Skydeck and Raisewell.

Loadar, a Belfast, Ireland-based freight procurement and management service, raised $4 million in seed funding. Frontline Ventures led the round and was joined by existing investor Techstart Ventures.

PRIVATE EQUITY

Align Capital Partners acquired ISPN Network Services, a Lenexa, Kan.-based managed IT services provider for broadband fiber and internet operators. Financial terms were not disclosed.

Avance Investment Management and AUA Private Equity Partners acquired a majority stake in Tropical Cheese, a Perth Amboy, N.J.-based Hispanic cheese, meat, and other food products company. Financial terms were not disclosed.

Harbour Group acquired Senproco, a Sioux Falls, S.D.-based pet grooming supplies provider, and Groomer’s Choice, the Sioux Falls, S.D.-based wholesale distribution division of Senproco. Financial terms were not disclosed.

JANUS Research Group, a portfolio company of CM Equity Partners, acquired the atmospheric and environmental research business of Verisk, a Jersey City, N.J.-based analytics and technology provider. Financial terms were not disclosed.

OPSWAT, backed by Brighton Park Capital, acquired Fend, an Arlington, Va.-based data diode and cybersecurity company. Financial terms were not disclosed.

Pearce Services, backed by New Mountain Capital, acquired Unified Power, a Terrell, Texas-based power services and equipment provider. Financial terms were not disclosed.

PrimeSource Brands, backed by Clearlake Capital Group, acquired CityPost, a Spokane Valley, Wash.-based deck, patio, and loft cable railing systems provider. Financial terms were not disclosed.

RELAM, a portfolio company of Paceline Equity Partners, acquired Falcon Equipment, a Surrey, Canada-based truck equipment solutions provider. Financial terms were not disclosed.

Sonar, backed by Advent International, Permira, and others, agreed to acquire Tidelift, a Boston-based software supply chain security solutions provider. Financial terms were not disclosed.

Specialty Appliances, a portfolio company of Reynolda Equity Partners, acquired Express Dental Laboratory, a Moore, Okla.-based specialty dental laboratory, and International Dental Arts, a Tulsa-based specialty dental laboratory. Financial terms were not disclosed.

The Stepping Stones Group, backed by Leonard Green & Partners, acquired Constellations Behavioral Services, a Portsmouth, N.H.-based applied behavior analysis provider. Financial terms were not disclosed.

Xceed Foodservice Group, a portfolio company of San Francisco Equity Partners, acquired a majority stake in Acclaim Foodservice, a Brea, Calif.-based foodservice brokerage company. Financial terms were not disclosed.

OTHER

Buildforce acquired Ladder, an Atlanta-based construction labor marketplace. Financial terms were not disclosed.





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Funding & Investment in Travel

‘Life-changing for our industry,’ Indigenous Tourism Association of Canada secures 7-year deal for $35M annually to boost tourism

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The Indigenous Tourism Association of Canada (ITAC) is entering a new chapter, and it’s one fuelled by stability, ambition, and a $35 million-a-year investment. 

Backed by a seven-year Social Impact Funding, ITAC’s newly-released 2025-2026 Operational Plan outlines the organization’s goals: to strengthen Indigenous tourism businesses and elevate Canada’s standing as a global leader in authentic Indigenous travel experiences. 

“This funding truly is life-changing for our industry. You always have to find sustainability and we haven’t been able to bring that sense of stability to Indigenous tourism. This is life-changing because it gives us seven years of stability that we can advance and continue to build,” Keith Henry, president and CEO of ITAC, told Now Toronto on Thursday. 

The plan arrives at a critical moment since the Indigenous tourism sector was hit hard by the pandemic. 

In 2018, the sector contributed $1.7 billion to Canada’s Gross Domestic Product (GDP) and by 2023, that number had dropped by 24 per cent, according to ITAC.

The association’s goal is to reverse that trajectory and by 2030, the organization hopes to support 2,700 businesses, create 60,000 jobs, and contribute $6 billion annually to Canada’s GDP. 

To get there, ITAC is investing in key areas that include $6 million in marketing (both international and domestic), $8 million in business support, $5 million in workforce development for on-the-job training and wage subsidies, and $3 million to support provincial and territorial Indigenous tourism organizations. 

The plan also includes $1.8 million to expand the International Indigenous Tourism Conference and $1 million to launch a new Indigenous Tourism Heritage Fund focused on supporting large-scale projects.

But for Henry, it’s not just about numbers. It’s about positioning Canada as a global leader in Indigenous tourism — something he believes the country is ready for.

“Canada, although we have some great Indigenous-owned businesses, we’re not there yet,” he said. “But we feel that prioritizing these areas will certainly help that.”

The demand, he adds, is already there, both from Canadians and tourists.

“We did survey work and… it was like eight out of 10 Canadians genuinely support reconciliation and want to come experience Indigenous culture,” Henry said. 

“The demand has risen domestically. It’s rising internationally. And I really feel that Canada can be a global leader as an Indigenous destination which is not known well enough yet, not only within Canada, but to the world. So, I think that this gives us a chance to really show what we can do for the next seven years.”

The new funding model also gives ITAC more flexibility to engage directly with international markets, especially in the U.S., where Henry says demand for Indigenous experiences is rising fast.

“We know at least one in three Americans want to add an Indigenous experience when they visit Canada. We can now invest more heavily in more direct marketing in the U.S.,” he said.

Despite global uncertainties, including U.S. tariffs, Henry remains optimistic. 

Read More

“We just gotta rise… just be positive… We know that U.S. citizens love to come to Canada and want to add Indigenous experiences,” he said.

Looking ahead, ITAC also hopes to leverage upcoming global events, such as the 2026 FIFA World Cup, to elevate the visibility of Indigenous tourism on the world stage.

“To really be a player at these international events, you have to be able to invest in marketing… Those are going to be another opportunity for us.”

He encourages Canadians to learn more at destinationindigenous.ca, which showcases Indigenous tourism businesses and experiences from coast-to-coast.

“We’ve been working hard for many, many years to build Indigenous tourism experiences, and now we’re finally going to be able to continue to elevate them.”



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Funding & Investment in Travel

7 Great Time Travel TV Shows Worth Watching

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Time travel has long been one of the most irresistible concepts in science fiction — the idea that we could undo past mistakes, witness history firsthand, or peek into the future has fueled some of the most imaginative stories in pop culture. But while plenty of shows have used time travel as a flashy plot device, only a handful truly dig into its emotional, philosophical, and narrative potential. That’s what makes this genre so endlessly fascinating. When it’s done right, time travel becomes more than just a way to move characters through history. It becomes a lens to explore identity, memory, morality, and fate itself.

The best time travel shows don’t just ask, “What if we could go back?” – they wonder if we at all should. They look at how a single choice can ripple across generations, how changing one moment might break another, and how even when you outrun time, you can’t always escape the implications. Some are grounded in hard science, while others revel in fantasy and chaos, but the common thread is that they make the stakes deeply personal. Whether you’re into cerebral puzzles, emotional arcs, action-packed missions, or stories so weird they defy classification, this list has something for every kind of time travel fan. From European mind-benders like Dark to the delightfully anarchic world of Dirk Gently, from underrated gems like Seven Days to iconic staples like Doctor Who, these seven shows prove just how expansive — and emotionally resonant — the concept of time travel can be.

1) Dark

Image courtesy of netflix

Netflix’s Dark is a philosophical deep dive into determinism, fate, and the ways we’re often trapped by the past. Set in the quiet town of Winden, the story begins with the disappearance of a young boy, but quickly unravels into a sprawling tale that spans generations, centuries, and alternate dimensions. The show intricately weaves four families into a cycle of secrets, betrayals, and cosmic loops. What sets Dark apart is its absolute commitment to narrative complexity. This isn’t a show to half-watch while scrolling your phone. It’s meticulously plotted and demands your full attention and rewards it tenfold. The writing is airtight, the atmosphere haunting, and the emotional stakes are as high as the sci-fi concepts are deep. It’s a masterclass in time travel storytelling that somehow makes the most mind-bending paradoxes feel devastatingly personal. 

2) Seven Days

Image courtesy of upn

Seven Days flew under the radar in its original run from 1998 to 2001, but it deserves a second look for fans of high-stakes, procedural-style sci-fi. The series follows Frank Parker (Jonathan LaPaglia), a former Navy SEAL and CIA operative, chosen for an experimental black ops project that uses alien technology to send him exactly seven days back in time. The catch? He only has one week to avert events that risk national and global security, like assassinations, man-made disasters, terrorist attacks, before they become irreversible.

The show consistently blends military drama with science fiction and cleverly uses the seven-day limitation, which adds built-in tension to every episode. The unpredictable nature of the alien tech also creates specific issues, from time loops and black holes being created in the vessel’s hull to intercepting spirits of the dead. Parker isn’t a superhero — he’s a flawed, often sarcastic everyman, and his missions are rarely clean. Despite some dated elements, Seven Days holds up surprisingly well as a punchy, clever thriller with a premise that’s still ripe for a modern reboot. It’s classic ‘90s genre TV in the best way.

3) 12 Monkeys

Image courtesy of syfy

Starting out as a reimagining of Terry Gilliam’s 1995 film, which in turn adapted Chris Marker’s 1962 featurette “La Jetée”, 12 Monkeys quickly evolved into one of the smartest and most emotionally fulfilling time travel shows ever made. It follows James Cole, a scavenger from a ravaged future, who’s sent back in time to stop the release of a deadly virus that decimates most of humanity and keeps mutating in ways that would mean the eventual end of the species. But the story grows far beyond that premise, weaving together ancient conspiracies, looping timelines, alternate realities, and a story of love, loss, and loyalty that spans decades.

12 Monkeys fearlessly embraces the chaos of time travel, then somehow brings everything together with clarity and emotional weight. By the time it reaches its final season, every detail matters, every loop is accounted for, and the character arcs hit hard. It explores many heavy themes, from questions of existence, individual and corporate poverty, organised religion, disability in the face of annihilation, and more. It’s a series that starts out solid and ends as a sci-fi epic — emotionally rich, intellectually rewarding, and deeply satisfying. 

4) Travelers

Image courtesy of netflix

Travelers imagines a bleak future where humanity’s only hope is sending consciousnesses back in time, right into the bodies of people moments before their deaths to avoid impacting the timeline. These “travelers” inherit lives they didn’t choose, from spouses to jobs and addictions. Each one is part of a mission to subtly alter events and nudge history toward a better outcome, guided by a mysterious AI known as The Director.

The show balances action and sci-fi with deeply human dilemmas. These operatives might be on world-saving missions, but they also have to navigate the emotional fallout of inhabiting real lives. How do you pretend to be someone’s husband or mother? What happens when your past self’s choices catch up to you? Travelers raises powerful questions about identity, sacrifice, and morality. Smartly written and emotionally grounded, it’s one of those rare sci-fi shows that sticks with you long after the mission ends.

5) Timeless

Image courtesy of nbc

If you like your time travel with a mix of historical drama, big adventure, and character-driven narrative, Timeless is your jam. The show kicks off when a criminal organization steals a time machine to alter American history, prompting the government to send a mismatched trio — a soldier (Matt Lanter), a programmer (Malcolm Barrett), and a historian (Abigail Spencer) — back in time to stop them.

While the premise sounds simple, the show evolves into a nuanced, high-stakes narrative about legacy, sacrifice, and how the past shapes identity. Each episode drops the team into iconic moments in history — from the Hindenburg disaster to the Watergate scandal — while also subtly exploring how different communities were impacted by those events. With dynamic chemistry between its leads and consistently sharp writing, Timeless stands out for how much heart it brings to every mission. It’s one of those rare sci-fi shows that makes you care as much about the people as the paradoxes. 

6) Doctor Who

Image courtesy of bbc

Of course, no list about must-watch time-travel shows can be considered complete without Doctor Who. Few shows can claim the cultural impact of the British sci-fi staple that has reinvented itself time and again since its debut in 1963. The Doctor is a time-traveling alien with the ability to regenerate into a new form every time they are close to death. Armed with a blue police box called the TARDIS and a sonic screwdriver that can open nearly any door, the Doctor journeys across time and space, befriending incredible characters, having intergalactic (mis)adventures, and fighting ancient and futuristic creatures.

That basic formula has allowed for nearly unlimited creativity, so one episode might be set in ancient Rome, the next on a distant moon, the next in present-day Sheffield. But Doctor Who isn’t just about the wild adventures and timey wimey stuff. It’s about the power of compassion, the pain of change, and the beauty of fleeting moments. Its best stories often come when it uses time travel to examine human emotion. With each new Doctor comes a fresh tone and energy, making the series constantly evolve while still feeling like home to millions of fans.

7) Dirk Gently’s Holistic Detective Agency

Image courtesy of bbc america

Equal parts absurdist comedy, cosmic mystery, and surprisingly emotional journey, Dirk Gently’s Holistic Detective Agency is unlike anything else in the time travel genre. Or television, to be fair. Based loosely on the novels by Douglas Adams, which, in turn, are loosely based on the adventures of Doctor Who, the show follows Dirk (Samuel Barnett), a self-proclaimed “holistic detective” who believes the universe will lead him to where he needs to be to solve cases as long as he embraces the chaos.

Alongside reluctant sidekick Todd (Elijah Wood), Dirk stumbles through a tangled web of timelines, murder plots, cults, and talking animals. Despite its seemingly nonsensical surface, everything eventually ties together in unexpected, satisfying ways. The writing is sharp, the performances are endearing, and the show carries an emotional undercurrent that sneaks up on you. Dirk Gently is wild, weird, and wonderful in ways that drive home Dirk’s unwavering belief that “Everything is connected.”



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Funding & Investment in Travel

MULTIMEDIA: Social media leads the way for Chinese tourists in Malaysia

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Nation

Saturday, 19 Jul 2025

7:00 AM MYT

More Chinese tourists are letting their online feed decide what to eat, see and do in Malaysia. From cool photo spots to viral food videos, social media is becoming more of a tour guide, with influencers also promoting our nation’s charms.



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