Paris-based Evaneos, an online platform that aims to make travel a source of positive impact, announced that it has raised €20M in a fresh round of funding to accelerate growth in Europe.
The company provides a web platform that connects travelers with local agents to design, estimate the cost and book personalized trips.
The round saw participation from Evaneos’ current investors Partech, Level Equity, Quadrille Capital, XAnge, Serena Capital, and Bpifrance via the Ambition Numérique Fund. This funding is in addition to the €100M raised by Evaneos since the company’s creation.
Evaneos says it will use the funds for growth across all its current markets, including France, Spain, Italy, Germany, Switzerland, and the Netherlands.
The company mentions that it will also enhance its tech capabilities, investing heavily in customer experience and agency network tools. Evaneos will also hire to strengthen its R&D team, which makes up 40 percent of Evaneos’ workforce.
Founded in 2009 by Yvan Wibaux and Eric La Bonnardière, Evaneos is an online platform dedicated to making travel a source of positive impact.
The company puts travelers directly in contact with local experts in order to craft trips that respect local cultures and communities. Currently, Evaneos works with more than 600 local partners across 160 locations.
The company says that the relationship between tourists and local agents is at the core of its business concept.
With 87 percent of the cost of each journey going to local performers and small companies in the location, profits directly support regional economies.
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