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/PRNewswire/ DriveWealth Holdings, Inc., a pioneer in fractional trading and embedded finance, today announced a $450 million Series D with a valuation of. ....
DriveWealth Holdings Celebrates $450 Million Series D crowdfundinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from crowdfundinsider.com Daily Mail and Mail on Sunday newspapers.
And it s not the only business travel platform picking up large sums of cash. In January, California-based TripActions raised $155 million at a $5 billion valuation, up from $4 billion in mid-2019. TravelPerk declined to disclose its valuation but CEO and co-founder Avi Meir said the deal was agreed on favorable terms for the start-up and its investors. The reality is travel is coming back, Meir told CNBC in an interview on Thursday. It s not a belief anymore, it s actually visible in the numbers. In the U.S., for example, TravelPerk has seen a 70-75% recovery in domestic flights compared to pre-pandemic levels, Meir said. Most flights are not 100% full yet but we re talking about an industry that was 10-15% exactly one year ago, he added. Going from 10-15% of baseline to 75% shows the trend is definitely up. ....