B2B travel tech platform Tumodo raises $35 million pre-Seed round 

B2B travel tech platform Tumodo raises $35 million pre-Seed round 

UAE-based travel tech platform, Tumodo, has raised a $35 million pre-Seed round co-led Mena-focused angel investors.

Founded in 2023, Tumodo is an online business travel platform that enables companies to book a business trip easily, saving businesses an average of 35 per cent on their travel expenses.

Using the freshly acquired funds, the company will be able to enhance its presence in the UAE market invest in product development, and forge new partnership opportunities in the Mena market.

By 2026, the company plans to scale its platform to 25 more countries worldwide.

Press release

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