TGV-backed PinkTada raised $975K from Selenean Capital
Selenean Capital, an Irish firm, has contributed US $975,000 to the blockchain-based tourism business Pinktada.
Pinktada, an online travel agency that was launched in May of this year, enables customers to make hotel reservations. 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.
Additionally, the US-based company aids hotel partners in obtaining assured prepaid sales in addition to extra money through upselling extras and subsequent hotel reservation deals.
Lyon Hardgrave and Ronald Homsy, two seasoned businessmen, founded Pinktada. As of right now, it has properties in Hawaii, the Dominican Republic, Mexico, New York, Miami, and San Francisco.
One of the company’s investors is True Global Ventures 4 Plus (TGV), which has invested a total of US $2 million in the venture. It intends to use the new funds for product development, marketing, and hotel acquisition.