Herbst Kinsky advised TourRadar GmbH on its latest financing round, involving investment of EUR 9 million from lead investor Endeit Capital and existing investors Hoxton Ventures Fund and Cherry Ventures.
Herbst Kinsky describes TourRader, which was founded in 2010 in Australia, as "the largest travel website where travelers and tourists can book a group tour, as well as featuring user-generated reviews of individual tours.” According to the firm, "TourRadar with offices in Brisbane and Toronto and its headquarters in Vienna has more than 20,000 tours from different tour operators worldwide available, which clients can compare, book, and review later. The travel service ranges from safaris through Africa to bus tours through Europe. With this new investment the number of staff should be doubled and marketing and the product portfolio expanded."
The transaction was led by Partner Philipp Kinsky, supported by attorneys David Pachernegg and Florian Pollak.
Editor's Note: After this article was published CEE Legal Matters learned that Schoenherr advised Endeit Capital on its investment in TourRadar. According to Schoenherr, "the funding will allow TourRadar to accelerate its expansion by doubling its staff in Vienna, Brisbane, and Toronto, with a focus on tech and product development." The firm's team consisted of Partner Thomas Kulnigg, Attorneys at Law Clemens Rainer, Dominik Hofmarcher, Veronika Wolfbauer, and Associates Sascha Smets, and Teresa Waidmann.