The tech multiplatform that simplifies the business travel, BizAway, is the protagonist of a € 10 million Series A round led by Azimut Digitech Fund, GELLIFY ed EXOR Seeds. The scaleup friulana announced the closure of the new round after the first two of 2 million and one of 2.5 million euros received in 2020. Thanks to the investment, the innovative company will be able to integrate its service with new features, invest in both the technical and operational team , and to open two more offices in Europe by the end of the year
The round is led by the consortium of investment funds from the tech sector Azimut Digitech Fund e GELLIFY as Lead Investor, ed EXOR Seeds, who 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 goals achieved by scaleup in the last year.
Despite the severe crisis that the travel sector has experienced due to the health emergency, BizAway – reads a company press release – has continued to grow both in economic terms, quadrupling its turnover in 2020 in 2021, and in employment, with hiring 30 new people for a total of 100 employees in its 5 European offices (two in Italy a Spilimbergo and Milantwo in Spain in Barcelona and Vigo and one in Albania in Shkodra, inaugurated last year).
How Bizway was born and what does it do
BizAway was born in January 2015 from the idea of Luca Carlucci and Flavio Del Biancotwo young people 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 trips in an agile and flexible way. Through a proprietary IT tool, Luca and Flavio combine their passion for travel and technology to bring real value to companies that increasingly use digital to organize the travel of their employees. BizAway is based in Italy in Spilimbergo (PN) and Milan and in Spain, in Barcelona and in Vigo. more than 60,000 bookings through the platform and more than 2 million euros in savings have been obtained for over 500 companies he works with (including BDO, Casavo, Credimi, Freeda, Penta, Cimolai, Talent Garden, Satispay).
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How BizAway intends to use the new funds
“This financing makes us even more solid in the international business travel landscape 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 by the end of the year, ”he said Flavio Del BiancoCTO e Co-founder.
Among the latest integrations of the platform, BizAway has developed a service of Travel Risk Managementwhich allows you to graphically view the traveler’s position managing any risks, a calculator for CO2 compensation in collaboration with Eden Reforestation Project and Squake, and partnerships with Trenitalia and Italo that allow users to manage all bookings and activities of post booking independently.
“The strength of BizAway is its strong innovative character which allows 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 travel and travel, in order to streamline procedures and allow companies to cut costs without giving up anything “he concludes Luca CarlucciCEO e Co-founder.
“We are thrilled to support the international expansion of BizAway, an end-to-end digital platform that has demonstrated strong resilience and rapid growth over the past few years. After a period of particular difficulty for the Travel industry, BizAway has established itself as one of the market leading digital solutions in the Corporate Travel Management segment “he declares Fabio Nalucci, Investment Advisor of the Azimut Digitech Fund. “We are alongside the company in this phase of international scaling and we are confident that the Team will reach a position of global leadership, redefining the paradigms of the post-pandemic Business Travel sector.”
In the first months of 2022 BizAway officially became the first TMC dedicated to business travel to obtain the worldwide B-Corp certificationhas been awarded with the LUXlife Travel and Tourism Awards 2022 as recognized as the Best Travel Booking Solution for 2022 and has obtained the first place at European level in the business travel sector in the FT1000 ranking of the Financial Times and Statista.