Entravel Group raises $7.5 million for travel infrastructure
Ethereal Ventures and Finality Capital co-lead the funding.
GSR, Varrock, G1 Ventures, Seier Capital, Veris Ventures, FunFair Ventures and WTG Ventures also participated. The capital will support larger supplier credit facilities and higher booking volumes.
Entravel plans to expand its white-label distribution into traditional travel and introduce stablecoin-based settlement, treasury and working-capital services.
Use of funds
Secure larger supplier credit facilities
Expand white-label distribution
Develop stablecoin settlement and working-capital services