Travel technology provider InterLnkd has raised £1 million in seed funding.
The investment in the United Kingdom-based startup was led by Vanneck with a number of angel investors also involved.
InterLnkd provides technology that enables travel suppliers to earn revenue by selling fashion, beauty and other items to travelers. Its “intelligent matching engine” matches up products with a traveler’s booking.
The company plans to use the funds on new functionality as well as further expansion.
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Barry Klipp, chief executive officer of InterLnkd, said, “This new round of investment marks a pivotal moment for InterLnkd. It not only validates our mission to help the travel industry capitalize on a new and free stream of ancillary revenue, but also empowers us to deliver an even more tailored experience to our partners and their customers. We look forward to enhancing our capabilities, expanding our global footprint and reshaping the world of travel shopping.”
Heneage Stevenson, director of Vanneck, added, "InterLnkd has built a truly unique and disruptive solution for the travel industry, where relevance and personalization are paramount. At Vanneck Ltd., we see enormous potential in the startup’s innovative approach to unlocking a new source of ancillary revenue for travel sellers and are excited to support their growth into new markets.”
InterLnkd recently signed partnerships Thomas Cook, HolidayPirates and Eurotunnel.