Top 10 Venture Capital Investors in the Travel and Tourism Industry in the World in 2021 by Deal Value

Beijing Yingtong Technology Co., Ltd., Changan Automobile Co Ltd, China FAW Group Co Ltd, CITIC Ltd, and Dongfeng Motor Corp are among the top 5 venture capital investors in the travel and tourism industry in 2021 by deal value. In terms of the geographic split, 8 out of 10 of the world’s top 10 venture capital investors in the travel and tourism industry are headquartered in Asia, whereas the remaining 1 is based in Europe. They employed a total of 256,637 people in 2021. The Nanjing Lingxing Technology’s (T3 Travel) Series A venture funding deal was one of the major VC deals in the travel and tourism sector in 2021. Nanjing Lingxing Technology Co., Ltd (T3 Travel), a China-based travel service company, has secured CNY7.7 billion ($1.2 billion) in Series A venture funding from Beijing Yingtong Technology Co., Ltd., Changan Automobile Co Ltd, and others. The deal was completed in Q4 2021. Bolt Technology’s Series E financing deal was another major VC deal in the travel and tourism sector in 2021. Paul, Weiss, Rifkind, Wharton & Garrison LLP served as financial advisor to D1 Capital Partners, while SORAINEN served as the legal advisor to Bolt Technology OU for the deal. Bolt Technology OU (Bolt), formerly Taxify OU, is a transportation platform. It offers ride-hailing, food delivery, and scooter-sharing services. It offers its services through its app to customers. The company has secured EUR600 million ($711.95 million) in Series E funding from new investors including Sequoia, Tekne, and Ghisallo. Other investors in the round include Bolt’s existing investors G Squared, D1 Capital, and Naya. The deal was completed in Q3 2021.