Key Takeaways
- • Exoticca secured a €25M venture debt facility from BBVA Spark, bringing total funding from its Series D round to €85M, according to a Business Wire release dated February 10, 2025.
- • The new debt complements the €60M Series D equity round led by Quadrille Capital, which was announced in July 2024.
- • Proceeds will fund AI-powered interconnectivity technology for multi-day, multi-location travel packages, a segment the company describes as a €100 billion market.
- • North America already accounts for more than 75% of Exoticca's business, per CEO Pere Vallès, and the company is expanding its international footprint.
- • BBVA Spark has now committed €29M in total to Exoticca, including a €4M agreement signed in 2024.
Summary
Barcelona-based travel technology platform Exoticca announced that it has secured a €25M venture debt facility from BBVA Spark, according to a Business Wire release. The facility complements the company's recent €60M Series D equity round, led by Quadrille Capital, and brings total funding from that round to €85M. The Series D round was announced in July 2024 and also included new investors such as Acurio ICF, as well as existing backers 14W, Mangrove, Bonsai, Sabadell and Aldea.
Exoticca operates a platform for multi-day tour packages that bundles components such as flights, hotels, transfers and activities into a single online or offline purchase. The company says it serves more than 70 destinations and is present in the United States, Canada, the United Kingdom, Spain, Australia, Colombia and Mexico. The new debt is intended to support continued investment in the company's AI-powered interconnectivity systems. The company is developing AI algorithms to synchronize services, personalize recommendations, optimize pricing and automate complex itinerary creation.
Chief Executive Pere Vallès said the additional venture debt gives the company more flexibility to innovate its business model and expand internationally, particularly in North America, which already generates more than 75% of its business. Vallès described the company's technology as digitizing a category that has historically relied on physical channels and manual processes.
Miguel Ángel Alcalá, head of BBVA Spark in Spain, said the bank is supporting Exoticca with the €25M agreement in addition to the €4M it signed in 2024. Alcalá characterized Exoticca as a technology company that has successfully scaled and internationalized by digitizing a travel experience previously available mainly in physical stores. The release positions Exoticca as a digital leader in the multi-day tour package sector, which it values at €100 billion.
Exoticca operates a platform for multi-day tour packages that bundles components such as flights, hotels, transfers and activities into a single online or offline purchase. The company says it serves more than 70 destinations and is present in the United States, Canada, the United Kingdom, Spain, Australia, Colombia and Mexico. The new debt is intended to support continued investment in the company's AI-powered interconnectivity systems. The company is developing AI algorithms to synchronize services, personalize recommendations, optimize pricing and automate complex itinerary creation.
Chief Executive Pere Vallès said the additional venture debt gives the company more flexibility to innovate its business model and expand internationally, particularly in North America, which already generates more than 75% of its business. Vallès described the company's technology as digitizing a category that has historically relied on physical channels and manual processes.
Miguel Ángel Alcalá, head of BBVA Spark in Spain, said the bank is supporting Exoticca with the €25M agreement in addition to the €4M it signed in 2024. Alcalá characterized Exoticca as a technology company that has successfully scaled and internationalized by digitizing a travel experience previously available mainly in physical stores. The release positions Exoticca as a digital leader in the multi-day tour package sector, which it values at €100 billion.
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