BizAwaythe Friulian scaleup active in business travel, closed a series A round of 10 million eurosafter the first two of 2 million and one of 2.5 million euros received in 2020. The round is led by the consortium of investment funds from the tech sector Azimut Digitech Fund e Gellify as lead investor ed Exor Seedswho enter equity together with other international investors.
It also reinvests significantly MundiVentureswhich renews the trust together with the other pre-existing shareholders thanks to the significant goals achieved by scaleup in the last year.
BizAway, collects 10 million euros in financing
In fact, despite the severe crisis that the travel sector has experienced due to the health emergency, BizAway has continued to grow both in economic terms, quadrupling its turnover in 2020 in 2021, and in employment, withhiring 30 new people for a total of 100 employees in its 5 European offices (two in Italy in Spilimbergo and Milan, two in Spain in Barcelona and Vigo and one in Albania in Shkoder, inaugurated just last year).
“This funding makes us even more solid in the international business travel landscape,” he commented Flavio Del Biancocto and co-founder, “and will allow us to continue to implement our ambitious plan, always improving and integrating new features, also allowing us to invest even more in our team, both technical and operational, and to open two more offices in Europe before the end of the year”.
The new features developed by BizAway
Among the latest platform integrations, BizAway has developed together with Riskline a travel risk management service, which allows the traveler’s position to be graphically displayed, managing any risks; a Co2 compensation calculator in collaboration with Eden Reforestation Project and Squake. And finally, the partnerships with Trenitalia e Italo that allow users to manage all bookings and post booking activities independently.
“The strength of BizAway,” he adds Luca Carlucci, CEO and co-founder, “it is its strong innovative character that allows you to manage the complexity of business travel for large companies, offering a complete, served and simplified experience. Today more than ever, companies need to digitize business processes for business trips and business trips in order to streamline procedures and allow companies to cut costs without giving up anything “.
How the idea of BizAway was born
BizAway was born in January 2015 from the idea of Luca and Flavio, who discover a new business opportunity. In a globalized world – where people travel more and more for work – there are no complete services to manage the organization of business travel in an agile and flexible way. Through a proprietary IT tool, the two combine their passion for travel and technology to bring real value to companies that increasingly use digital to organize their employees’ travel.
The B Corp certification
In the first months of 2022 BizAway officially became the first Tmc dedicated to business travel to obtain the B-Corp certification worldwide, it was awarded with the Luxlife Travel and Tourism Awards 2022 as recognized as the Best travel booking solution for the 2022 and obtained the first place at European level in the business travel sector in the FT1000 ranking of Financial Times and Statesman.
Since its inception, more than 150,000 bookings have been made with savings of over 3 million euros for over 650 client companies (Freeda, Scalapay, European Cricket, Bdo, Vortice, Cimolai, Satispay, Perrigo, WeRoad, EJU, Talent Garden, Sielte and many others).
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