Brazilian Vacation Bookings Company HotelUrbano Gets US$20 Million in Third Round Led By IVP (Latin America)

Source: TechCrunch  |  Author: Julie Ruvolo

Global private equity and venture capital firm Insight Venture Partners (IVP) led a US$20 million Series C round investment in Brazil-focused vacation bookings e-platform HotelUrbano for about a four percent stake. The company, which was valued at approximately US$250 million in April, plans to use the new capital to launch in other Latin American markets, develop new product lines and build up its hotel business.