August Had 3 of the Year's Biggest Startup Fundraises – Then a Slowdown

Travel Startup Funding This Week

Each week we round up travel startups that have recently received or announced funding. Please email Travel Tech Reporter Justin Dawes at jd@skift.com if you have funding news.

The first half of August saw three of the biggest travel startup fundraises of the year: Flyr ($295 million), Archer Aviation ($230 million), and Oyo ($173 million).

But overall, August was a slow month. Besides those three major raises, Skift identified fewer than 10 travel startups that raised money — all $10 million or less.

That includes only three announcements, highlighted below, over the past two weeks totaling $16.5 million.

That level of activity aligns with the funding trend that Skift has identified — more late-stage fundraises but fewer deals overall.

Uppercase, a luggage brand, has raised $9 million in series B funding from the venture capital firm Accel. 

That nearly doubles the startup’s valuation to $60 million.&n