Exoticca, a multi-day package tours specialist based in Spain, has announced a €4 million finance agreement with BBVA Spark, a specialized business unit within global financial services institution BBVA.
Exoticca CEO Pere Vallés said the funding would help the company’s expansion in Latin America.
“We recently opened in the Mexico and Colombia markets with very good results,” Vallés said. “Our goal is to launch five more markets in the region by 2024.”
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BBVA Spark officials praised Exoticca’s more affordable prices for big-ticket trips and fully online offers with real-time availability that make purchasing faster and easier for the customers.
“We believe Exoticca has a differential digital offer in the big-ticket category,” said Verónica Ruiz, head of BBVA Spark in Spain. “The management team has successfully led its growth, and we are confident in its management for this next stage. We are thrilled to finance Exoticca and support its expansion in Latin America.”
Founded in 2013, Exoticca raised $30 million in a Series C round in 2021 and $20 million a year later in a venture debt financing round.
Phocuswright Europe 2024
Join us in Barcelona for Phocuswright Europe where Pere Valles, CEO of Exoticca, will join fellow panelists Dietmar Gunz, chairman of the board of directors at Falk Travel, and Travis Pittman, TourRadar CEO, to discuss how tour companies are reinventing themselves during a session titled Executive Panel: The Evolution of Tours.
