Travello Lands $5M Investment Round to Grow Travel Social Network – PhocusWire

Travello, a travel social network, has raised $5 millio in a Series A investment round.

The investment comes from Flight Centre co-founder Jim Goldburg, Andrew McEvoy, former boss of Tourism Australia, and Phil Gunter, who previously headed up Virgin Australia’s Velocity program.

Travello plans to use the investment to drive further growth and take advantage of the post-pandemic demand from millennials for travel experiences.

The platform says it has 1.2 million users and is expanding the online travel agency element of its business.

Travello acquired Backpacker Deals, an online youth market specialist, late last year.

Ryan Hanly, co-founder and CEO atTravello, says the company is already seeing huge demand from the youth market.

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