Holisto Overview
Holisto is an online travel booking platform that uses AI technology to analyze hotel rates and plans across multiple inventory sources, including online travel agencies, global distribution systems, wholesalers, and hotel operators, to provide consumers with more affordable and personalized bookings.
Cumulative Funding Raised Over Time ($)
Latest News
growth-positive
Trivago acquires Israeli traveltech firm Holisto for $40 million | CTech
Holisto, an Israeli traveltech company specializing in dynamic pricing and hotel room booking, has been acquired by Trivago for approximately $40 million. Holisto, founded in 2015, developed a system to optimize real-time hotel prices, offering competitive pricing. The acquisition follows a long-standing collaboration between the two companies, with Trivago having invested $10 million in Holisto a year prior. Holisto will continue to operate independently with its current team of 200 employees. The acquisition is part of Trivagos strategy to enhance its branded booking experience and drive growth.
Acquired-byInvestment
growth-positive
Holisto raises $10 million from travel giant Trivago | CTech
Holisto, an Israeli company specializing in price aggregation technology, has raised $10 million from travel company Trivago. This brings the total amount raised by the company to over $20 million. Holisto had planned to go public on Nasdaq via a SPAC in 2022, but the merger was canceled due to market conditions. The company will continue to operate independently with a team of about 250 employees in Israel and abroad. The investment will enable Holistos technology to provide advanced options for Trivagos users and business partners.
InvestmentPublic Trading
growth-negative
Holisto LTD cancelled the acquisition of Moringa Acquisition Corp from Moringa Sponsor, LP and others.
Holisto LTD had planned to acquire Moringa Acquisition Corp from Moringa Sponsor, LP and others in a reverse merger transaction. The business combination was expected to result in a pro forma equity value of approximately $405 million for Holisto. However, on August 7, 2023, Holisto cancelled the acquisition. All rights and obligations of each party to the Business Combination Agreement ceased, except for those intended to survive such termination.
Acquisition
growth-positive
Globes and Statista rank Israel's 100 fastest growing companies
Holisto, an Israeli travel-tech company, has been named the fastest-growing company in the country, with an average annual growth rate of about 460% between 2018 and 2021 and revenue of $15.1 million. The company, which was founded in 2015, launched its product during the Covid pandemic, focusing on domestic tourism in the US. Despite the pandemic, the company saw significant growth. However, Holisto is set to merge with a SPAC company and start trading on the Nasdaq, which could lead to a sharp decrease in its trading value after the merger, as has been the case with many tech companies recently.
CustomersPublic Trading
growth-positive
Travel booking platform Holisto merging with SPAC at $405 million valuation CTech
Holisto, an Israeli-founded online travel booking platform, has entered into an agreement with Moringa Acquisition Corp, a SPAC, to become publicly listed on the Nasdaq. The deal values Holisto at approximately $405 million, with the company expected to net $115 million from the merger. Holisto uses AI technology to analyze hotel rates and plans across multiple sources, providing consumers with more affordable and personalized bookings. The transaction is set to close in Q4 2022. Holistos income has grown significantly, but Q1 2022 revenues were $7.18 million compared to $1.97 million in Q1 2021. The company was founded in 2015 and has raised $9.3 million to date. It employs 370 people.
Public Trading
| Sector | Media & Entertainment Technologies |
Funding
| Total funding | $20.05M |
| Last funding | $10M |
| Stage | Acquired |
| Rounds | 6 |
| Investors | 11 |
Team Members
4
Employees: 51-200
Web & Social Links
| Website | www.holisto.com/ |
| Careers | Careers page |
| App Store | App Store |
| Google Play | Google Play |
Locations
Sderot Nim 2, Rishon LeTsiyon, Israel
500 West Putnam Avenue, Greenwich, Connecticut 06830, USA
Photos & Videos
2 item(s)
