Loading...
Market
What will be the amount of Otto's next funding round by August 31, 2025?
3
Otto•Michael Gulmann•Madrona•Expedia•Egencia•Concur•Orbitz•Madrona Ventures•Direct Travel•Steve Singh
Resolution / Starting Odds
Less than $10 million • 25%
$10 million to $20 million • 25%
$20 million to $30 million • 25%
More than $30 million • 25%
Public announcements from Otto or Madrona Ventures, financial news sources
Story
Otto, Led by Michael Gulmann, Raises $6 Million Backed by Madrona Ventures
Aug 22, 2024, 04:03 PM
Otto, an AI-powered travel agent, has been launched to transform the business travel sector. Led by Michael Gulmann, the company has successfully raised a $6 million seed round. The funding was spearheaded by Madrona, with participation from industry leaders and founders from Expedia, Egencia, Concur, and Orbitz. Otto aims to provide advanced automation and personalization in travel management, targeting the unmanaged travel market. The company was incubated in collaboration with Madrona Ventures, with additional support from Direct Travel and Executive Chairman Steve Singh.
View original story
Similar markets
Less than $5 million • 25%
$5 million to $10 million • 25%
$10 million to $20 million • 25%
More than $20 million • 25%
Tech company • 25%
Financial services company • 25%
Healthcare company • 25%
Other • 25%
Only in the US • 25%
US and Canada • 25%
US, Canada, and Europe • 25%
Global • 25%
Less than €10 million • 25%
€10 million to €20 million • 25%
€20 million to €30 million • 25%
More than €30 million • 25%
Less than $5 billion • 25%
$5 billion to $6 billion • 25%
$6 billion to $6.5 billion • 25%
More than $6.5 billion • 25%
Less than $50 million • 25%
$50 million to $100 million • 25%
$100 million to $200 million • 25%
More than $200 million • 25%