A blockchain-based travel business called Pinktada has secured US $365,000 in its most recent fundraising round. The sum is in addition to the $975,00 it raised last month in US dollars.
The investment round, in which among others the Irish fund Selenean Capital and the Hong Kong investment firm Mandra Capital participated, netted the company a total of about US$1.3 million.
US $1.2 million was Pinktada’s first goal.
Pinktada, an online travel agency that was established in May of this year, lets customers book hotels using its mobile app. However, through the process of tokenization, users may exchange or sell the reservation to other individuals in a marketplace if they decide to modify their intentions.
The company said in a statement that more hotels are now available on the platform, which has led to a 40x increase in the number of members since March of this year.
Ronald Homsy and Lyon Hardgrave, two serial entrepreneurs, founded Pinktada in 2020. Currently, it has properties in the Dominican Republic, New York, Miami, Miami Beach, Hawaii, Mexico, and New York.
True Global Ventures 4 Plus (TGV), which has invested a total of US $2 million in the venture, is one of the company’s investors. Pinktada intends to use the additional funds for marketing, product development, and hotel onboarding.
