Sunday, March 19, 2017

NBI makes Series B investment in Brazil metaserach engine

After reaching the mark of two million users per month to become the largest flight metasearch engine in Brazil, No Borders Investments (NBI) announced a substantive investment in Voopter with co-investor Travel Capitalist Ventures.

The "Series B" comes from No Borders Investments, a Doha-headquartered private investment firm making $1 million to $100 million investments in market leaders around the world. Current investments include government bonds, EU-based property funds spanning the Champs-Élysées in Paris; Zurich and Geneva, Switzerland; and Mayfair, London. NBI also has direct investments in Newport Beach, US-based Content Market (former CEO of Virgin Charter, part of the Virgin Group of Companies), and India-based JetSmart.

According to Abdulla Khalid, CEO and managing partner at No Borders Investments, "Investments in Brazil, South Africa and India allow us to diversify investments across asset class and geography while adhering to our core investment thesis. I look forward to announcing our other investments in late Q3 of this year."

No Borders Investments adds to funding from Global Founders Capital (GFC), a German venture capital company that trains talented entrepreneurs globally. This is GFC's second investment in the Brazilian flight search startup.

Voopter's unique offerings are geared to Brazilian consumers, who prefer to receive personalised promotional information and to plan trips in advance. Voopter provides tools adapted to this traveller profile such as a multi-dates calendar, collaborative alert system and curated content.

"This investment will help us to speed up our growth in the Brazilian market, where Voopter is already the leading metasearch," said Pettersom Paiva, CEO of Voopter. "But there is still great potential for growth. It will also back the launch of our 'media' and 'data' divisions, which will consolidate our offers for other travel business than airlines and OTA's." - TradeArabia News Service

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