UK travel tech firms raised £358 million in 2020 from 249 deals despite the pandemic
Tourguide app Geotourist tipped as a disruptor in TechNation Report 2021
by Avery Ketcherside
Personal tour guide app Geotourist has been picked out as a disruptor in the travel technology sector in the TechNation Report 2021.
The UK technology accelerator’s latest report says there were 800 deals that raised £1 billion in the last three years. It includes a foreword from UK Prime Minister Boris Johnson.
TechNation reveals 2019 saw record private equity investment of £504 million and a record 306 deals. Companies raised £358 million in 2020 from 249 deals despite the pandemic.
Shaon Talukder, chief executive officer of Geotourist, said: “We are delighted to feature in TechNation’sReport 2021, especially alongside such other innovative brands in the travel tech space.
“The UK’s travel tech industry is a dynamic sector to be a part of and we know that, by creating new solutions to existing problems, we can drive the travel and tourism sector forward.
“Technology and data are empowering companies and brands to make smarter decisions that deliver growth and evolution for them and a better, more engaging experience for the visitor.
“We’re committed to delivering excellence in innovation and to be part of TechNation’s report is an important milestone for Geotourist”.
The full TechNation Traveltech report 2021 can be found here: https://technation.io/traveltech-report-2021/#uk-equity-
Geotourist has also been shortlisted for the Best Technology Partnership in the 2021 Travolution Awards.