Fora Travel, which is recruiting newbies to become travel advisors, has raised $40 million in a Series C funding investment round, according to published reports and a LinkedIn post from the company founder.
Co-founder Evan Frank, who was also co-founder and former CEO of short-term rental platform onefinestay, wrote on LinkedIn Thursday that 97% of Fora’s travel advisors had never worked in that role previously.
“With today’s news, we are confident our thesis will continue to be proven correct: By empowering a growing community to build careers they love, lowering the barrier to start and stay a travel entrepreneur, we’ve created a new channel of distribution for our partners that provides the best of all worlds — higher quality clients at a lower overall cost in a single channel – at scale,” Frank wrote.
Fora Travel’s mission is to reinvent the travel agency and the role of travel agents, offering passionate travelers side hustles as travel advisors while collecting perks for their own travels. It pledges to pay commissions swiftly. With only modest trading, Fora’s travel advisors can begin booking trips.
Fora Travel retains a portion of travel advisors’ commissions.
Frank wrote that Fora Travel’s travel advisors are located in 92 countries and have booked more than 2 million nights, and over $1 billion in total sales.
In all, Fora has raised at least $73.5 million, which also includes a $20 million Series B round that closed in 2023, and $13.5 million in a Series A.
Fora announced that Thrive Capital and Insight Partners led the B and C investment rounds. Previous investors included Forerunner Ventures and Heartcore Capital.
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