BizAwayscaleup traveltech announces it has closed a a €35 million investment by Mayfair Equity Partnersa specialist consumer and technology investor with over £2bn of assets under management.
Mayfair will partner with the BizAway team to accelerate growth in existing and new markets. Mayfair’s investment will also enable the BizAway team to design and implement new AI and data strategies and develop further products and services that will help solve business traveler challenges. The company will also explore potential merger and acquisition opportunities.
Founded by Luca Carlucci and Flavio Del Bianco, BizAway combines a proprietary, intuitive travel management software platform with 24/7 in-house multilingual customer serviceas well as providing white-label services for enterprise customers. Since 2015, BizAway has grown from a two-person startup to a multinational company serving more than 1,600 customers and has doubled its turnover, year over year, over the last three years (pictured is the full team). The innovative digital platform and the constant commitment to customer service have favored these results, allowing BizAway to obtain financing from vehicles such as Azimut Digitech Fund, Gellify Digital Investment and EXOR and acquire the travel division of Next Generation Travel. In 2022, BizAway became the first TMC business in the world to achieve B-Corp certification.recognizing its commitment to meeting high standards of performance and social and environmental responsibility.
“Traveling for work can be an exhausting experience. Outdated systems and inefficient processes create constant frustration for both travelers and the companies they work for. Our technology solution has been developed with the real needs of our customers in mind, allowing them to plan and book trips quickly and efficiently, while controlling and significantly reducing costs,” he said in a statement. Luca Carlucci, CEO of BizAway – . Our success is the result of the dedication and expertise of our team, who have brought the best B2B travel management service to the market and I am proud of our incredible growth over the last decade. We have even more ambitious plans and are excited to partner with Mayfair, a team with an impressive track record of fast-growing companies, to transform the business travel experience.”
“Anyone who has traveled for work understands the importance of making business travel easier, faster and more reliable. Luca, Flavio and their team recognized this need and developed an intuitive software platform, combined with exceptional customer service, that has created a solid base of repeat customers,” says Yusuf Hoballah, partner di Mayfair Equity Partners -. While consumer travel has seen significant innovation to improve the customer experience, corporate travel is still lagging behind and we are thrilled to partner with BizAway in their mission to innovate the trillion-dollar industry.”
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– What are the key benefits of BizAway’s recent €35 million investment from Mayfair Equity Partners?
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BizAway Secures €35 Million Investment from Mayfair Equity Partners to Revolutionize Business Travel
In a significant development in the travel technology sector, BizAway, a leading scaleup traveltech company, has announced that it has closed a €35 million investment deal with Mayfair Equity Partners, a specialist consumer and technology investor with over £2bn of assets under management. This strategic partnership is set to accelerate BizAway’s growth in existing and new markets, while also enabling the company to develop innovative AI and data strategies, expand its product and service offerings, and explore potential merger and acquisition opportunities.
Accelerating Growth and Innovation
Mayfair Equity Partners will bring its extensive expertise and resources to support BizAway’s ambitious growth plans, which include expanding its presence in existing markets and entering new territories. The investment will also enable BizAway to further develop its proprietary travel management software platform, which combines intuitive technology with 24/7 multilingual customer service. This unique approach has already proven successful, with BizAway doubling its turnover year-over-year for the last three years and serving over 1,600 customers worldwide.
Solving Business Travel Challenges with AI and Data Strategies
The partnership with Mayfair will also enable BizAway to design and implement cutting-edge AI and data strategies, aimed at addressing the specific pain points faced by business travelers. By leveraging AI-powered tools and advanced data analytics, BizAway will be able to provide its customers with even more personalized and efficient travel management solutions, further enhancing their overall travel experience.
Commitment to Sustainability and Social Responsibility
In addition to its focus on innovation and growth, BizAway has also demonstrated its commitment to sustainability and social responsibility. In 2022, the company became the first Travel Management Company (TMC) in the world to achieve B-Corp certification, recognizing its dedication to meeting high standards of performance, social and environmental responsibility.
A Vision for the Future of Business Travel
Commenting on the investment, Luca Carlucci, CEO of BizAway, said: “Traveling for work can be an exhausting experience. Outdated systems and inefficient processes create constant frustration for both travelers and the companies they work for. Our technology solution has been developed with the real needs of our customers in mind, allowing them to plan and book trips quickly and efficiently, while controlling and significantly reducing costs. Our success is the result of the dedication and expertise of our team, who have brought the best B2B travel management service to the market, and I am proud of our incredible growth over the last decade. We have even more ambitious plans and are excited to partner with Mayfair, a team with an impressive track record of fast-growing companies, to transform the business travel experience.”
Transforming the Business Travel Experience
With this significant investment, BizAway is poised to revolutionize the business travel industry, providing innovative solutions that address the specific needs of business travelers and companies alike. By combining cutting-edge technology, exceptional customer service, and a commitment to sustainability, BizAway is set to transform the business travel experience, making it more efficient, cost-effective, and enjoyable for all stakeholders involved.
About BizAway
Founded in 2015 by Luca Carlucci and Flavio Del Bianco, BizAway is a leading scaleup traveltech company that provides a proprietary, intuitive travel management software platform and 24/7 multilingual customer service to over 1,600 customers worldwide. The company has grown from a two-person startup to a multinational company, with a strong track record of growth and innovation.
About Mayfair Equity Partners
Mayfair Equity Partners is a specialist consumer and technology investor with over £2bn of assets under management. The firm has a successful track record of investing in fast-growing companies, with a focus on providing strategic support and resources to accelerate growth.
With this significant investment, BizAway is set to take its innovative approach to business travel to the next level, transforming the industry and providing a better experience for both travelers and companies alike.
How will BizAway utilize the €35 million investment from Mayfair Equity Partners to enhance its business travel services?
BizAway Secures €35 Million Investment from Mayfair Equity Partners to Revolutionize Business Travel
In a significant development in the travel technology sector, BizAway, a leading scaleup traveltech company, has announced that it has closed a €35 million investment deal with Mayfair Equity Partners, a specialist consumer and technology investor with over £2bn of assets under management. This strategic partnership is set to accelerate BizAway’s growth in existing and new markets, while also enabling the company to develop innovative AI and data strategies, expand its product and service offerings, and explore potential merger and acquisition opportunities.
Accelerating Growth and Innovation
With Mayfair Equity Partners on board, BizAway will be able to leverage the investor’s expertise and resources to further accelerate its growth trajectory. The company will focus on scaling its operations in existing markets, while also exploring new markets and opportunities. The investment will also enable BizAway to design and implement new AI and data strategies, which will help the company to stay ahead of the curve in terms of technology and innovation.
Enhancing Product and Service Offerings
BizAway’s proprietary travel management software platform and 24/7 in-house multilingual customer service have been key drivers of its success. With the new investment, the company will be able to further develop its product and service offerings, providing even more value to its customers. This could include the development of new features and tools, as well as the expansion of its white-label services for enterprise customers.
Exploring Merger and Acquisition Opportunities
The investment from Mayfair Equity Partners will also provide BizAway with the resources and expertise to explore potential merger and acquisition opportunities. This could involve acquiring other companies or technologies that Align with BizAway’s vision and goals, enabling the company to further expand its offerings and capabilities.
A Commitment to Customer Service and Sustainability
BizAway’s commitment to customer service and sustainability has been a key factor in its success. The company’s 24/7 in-house multilingual customer service has received widespread praise from customers, and its B-Corp certification is a testament to its commitment to meeting high standards of performance and social and environmental responsibility. With the new investment, BizAway will be able to further invest in its customer service capabilities, ensuring that its customers continue to receive the highest level of service and support.
Quotes from Key Stakeholders
“We’re thrilled to partner with Mayfair Equity Partners, a team with an impressive track record of fast-growing companies,” said Luca Carlucci, CEO of BizAway. “Our success is the result of the dedication and expertise of our team, who have brought the best B2B travel management service to the market. We have even more ambitious plans and are excited to transform the business travel experience.”
“Anyone who has traveled for work understands the importance of making business travel easier, faster, and more reliable,” said Yusuf Hoballah, partner at Mayfair Equity Partners. “Luca, Flavio, and their team recognized this need and developed an intuitive software platform, combined with exceptional customer service, that has created a solid base of repeat customers. We’re thrilled to partner with BizAway in their mission to innovate the trillion-dollar industry.”
About BizAway
Founded in 2015 by Luca Carlucci and Flavio Del Bianco, BizAway has grown from a two-person startup to a multinational company serving over 1,600 customers. The company’s innovative digital platform and commitment to customer service have enabled it to achieve remarkable growth, with turnover doubling year over year for the last three years. In 2022, BizAway became the first TMC business in the world to achieve B-Corp certification, recognizing its commitment to meeting high standards of performance and social and environmental responsibility.
About Mayfair Equity Partners
Mayfair Equity Partners is a specialist consumer and technology investor with over £2bn of assets under management. The firm has a strong track record of investing in fast-growing companies and has partnered with a number of successful entrepreneurs and businesses in the consumer and technology sectors.
Key Benefits of the Investment
The €35 million investment from Mayfair Equity Partners will bring a number of key benefits to BizAway, including:
Accelerated growth in existing and new markets
Development of innovative AI and data strategies
Expansion of product and service offerings
Exploration of potential merger and acquisition opportunities
Further investment in customer service capabilities
Enhanced sustainability and social responsibility initiatives
the investment from Mayfair Equity Partners is a significant milestone for BizAway and will enable the company to continue its rapid growth trajectory, while also driving innovation and improvement in the business travel sector.
