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Kaptio announces new funding from VEX and strategic partnership with Braintree

Nov 22, 2024•over 1 year ago

Contract Type

partnership

ReykjavikSoftwareTravel

Description

Kaptio has revealed that it is now backed by a private equity investor, VEX, with a 70% stake acquisition alongside other prominent investors. As part of the transaction, Kaptio issued new shares worth $2.5M USD. The new round of funding will accelerate the execution of Kaptio’s strategy, support its product development, global sales and marketing, and strengthen its global cloud operations. Additionally, Kaptio announced a strategic partnership with Braintree, a PayPal company.

Company Information

Company

Kaptio

Location

Reykjavik, Capital Region, Iceland

About

Kaptio develops a travel reservation platform to bring digital transformation to tour operators. They provide reservation technology and incorporate marketing, operations, and finance into one central system for travel operators, along with providing travel-specific consultancy services, technical architecture, delivery, and implementation.

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