MisterFly, a new online travel agency based in France, has managed to secure a Euro 20 million funding round after just nine months of operations.
The Paris-headquartered business raised the money from Montefiore Investment and Vente-Privee, a French ecommerce retail company.
The investment comes just two months after the company merged with H-Resa, a fellow online travel brand in the country that specialises in hotel bookings.
MisterFly, founded by Nicolas Brumelot (president) and Carlos Da Silva, says the proceeds will be used to “boost growth” and reach Euro 100 million in gross revenue within its first year.
It also plans to make a number of “targeted acquisitions” in both the consumer-facing and B2B travel sector.
Eric Bismuth and Jean-Marc Espalioux, both partners at Montefiore, say:
“MisterFly’s offering, combining price transparency, quality and innovation should attract and retain numerous consumers.”
Da Silva was previously at GoVoyages until 2011 and Brumelot was deputy CEO and chief financial officer at eDreams Odigeo for a year (2012) after co-founding GoVoyages in 1997.
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