Source: TechCrunch
Summary
WeRoad, a Milan-based group travel startup, has raised a $58 million Series C round led by Airbnb. The funding brings the company’s total capital raised to roughly $100 million. WeRoad plans to use the funds to expand outside Europe, starting with the U.S. market, beginning with Austin.
Our Reading
The launch follows a familiar script.
WeRoad raises $58 million, because that’s what you do when you’re a startup. Airbnb leads the round, because they’re Airbnb. WeRoad will expand to the U.S., starting with Austin, because that’s a thing you do when you’re a startup. The company’s total capital raised is now roughly $100 million, because money. WeRoad is preparing for its first major expansion outside Europe, which sounds like a sentence from a “Startup Expansion Playbook”.
Author: Evan Null
