Running out of Ireland, Mobile Travel Technologies has raised a $5 million Series A investment from DFJ Esprit’s new third fund. In case you hadn’t heard, MTT is a large mobile platform aimed at the travel industry which includes easyJet and Qantas Group’s Jetstar amongst its customers.
The financing will support MTT’s expansion into new markets and strengthen the team at its headquarters in The Digital Hub in Dublin, at its offices in London and Manila, and as it enters new territories.
MTT produces a platform geared for fast use by consumers, allowing its app for Easyjet, for instance, to earn high user rating on Apple’s App Store.
MTT competes with the more generic mCommerce platform providers who sell to corporates for white labelling. We’re told they are the only provider specialising in travel, but we don’t have any proof of that so take that with a grain of salt.
DFJ Esprit is a European venture capital fund that invests in technology, media, telecoms, medtech and cleantech. More information on Esprit’s background can be found here.
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