TravelX Raises $10M to Launch Multichain Distribution Protocol

TravelX, which is building a blockchain-based distribution protocol for the travel industry, announced a $10 million seed funding round led by Borderless Capital.

The funding will go toward expanding the TravelX team and marketing the launch of its first product later this year, TravelX CEO Juan Pablo Lafosse told CoinDesk.
Other participants in the round, which closed in November, included Algorand, Draper Cygnus, Myelin Capital and Monday Capital.
Founded in 2021, TravelX is developing a distribution protocol that allows airlines and travel suppliers to tokenize their inventory and distribute it to different channels for new methods of distribution and use cases.
The company says travelers will benefit from point-of-sale advantages such as easier travel changes, cancellations, transfer and sales of tokenized inventory.
The multi-chain protocol is on Ethereum, Polygon and Algorand, with plans to add Solana in the future, TravelX co-founder Facundo Diaz told CoinDesk.
“Blockchain technology introduces disruptive new value propositions and sources of efficiency for both suppliers and consumers of the travel industry. I am aligned with this team’s mission of bringing the industry into the new distributed world and excited to work with these experienced airline and travel executives,” Barney Harford, TravelX advisor and former CEO of travel company Orbitz Worldwide, said in a press release.

Disclosure

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is an award-winning media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. In November 2023, CoinDesk was acquired by Bullish group, owner of Bullish, a regulated, institutional digital assets exchange. Bullish group is majority owned by Block.one; both groups have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary, and an editorial committee, chaired by a former editor-in-chief of The Wall Street Journal, is being formed to support journalistic integrity.

Brandy Betz

Brandy covered crypto-related venture capital deals for CoinDesk.

Follow @BrandyBetz on Twitter

Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.

10 Years of Decentralizing the Future