Tumodo raises $35mln in pre-seed funding to revolutionize business travel in the MENA region

Tumodo raises $35mln in pre-seed funding to revolutionize business travel in the MENA region

United Arab Emirates – Tumodo, a trailblazing business travel platform founded in 2023, announced it has successfully raised $35 million in a pre-seed round co-led by MENA-focused angel investors. This funding will fuel the company's presence in the UAE market, further product development, and new partnership opportunities in the MENA market. Also, by 2026, the company plans to scale its platform to 25 more countries worldwide.

According to the Global Business Travel Association, the worldwide business travel market reached $933 billion in 2022 and is expected to reach $1.4tn pre-pandemic levels by 2024. Moreover, the MENA’s business travel market is recovering the fastest and, in 2022, has already hit 86% of its 2019 levels.

By staying ahead of the trend, Tumodo makes it easy for businesses to book flights and hotels for several hundred employees within just 2 minutes. Unlike competitors, the Tumodo platform has no hidden fees for users, allowing businesses to manage expenses and increase the transparency of operations. Moreover, the company is currently developing an AI feature that will simplify the process of trip organization. Tumodo’s technology can be integrated into companies' HR systems, making it easier to manage internal processes.

"Tumodo is the future of business travel," said Stan