Dreamlines, claiming to be Europe‚Äôs largest online travel agency specializing in cruise line related travel, today announced it has raised $55 million in series E funding led by Princeville Global.
The investment will support Dreamlines‚Äô continued growth and international expansion. Since launching in 2012, Dreamlines has expanded into 10 countries, partnering with over 100 cruise operators and offering a large portfolio of cruises around the world. Princeville Global‚Äôs Emmanuel DeSousa will join the Dreamlines board following the investment.
Felix Schneider, Dreamlines CEO and founder, said: ‚ÄúOur strong growth and European market leadership are an ideal base for further expansion. We‚Äôre excited to have Princeville Global as a new, experienced, and competent partner at our side to accomplish our vision.‚Äù
Emmanuel DeSousa, Managing Partner of Princeville Global, commented: ‚ÄúThe cruise industry is the last sizable, global travel segment to be disrupted by a tech-focused online booking platform. Under the leadership of its visionary founders, Dreamlines is uniquely positioned to continue transforming the cruise industry to an online model, leading in Europe and expanding around the world.‚Äù
Christian Saller, General Partner at HV Holtzbrinck Ventures and chairman of the board at Dreamlines: ‚ÄúAs an early investor, HV Holtzbrinck Ventures has seen Dreamlines grow by a factor of 10 since its initial investment into the European market leader. The new investment will allow Dreamlines to continue to grow.‚Äù
Existing investors also participated and include Holtzbrinck Ventures, Target Global, Dimaventures, Hasso Plattner Ventures, TruVenturo and Global Founders.
Princeville Global is described as an investment firm focused on backing rapidly-growing technology-related companies around the world. The firm looks to support entrepreneurs seeking not only capital, but a value-added partner who can help them fulfill their aspirations to create companies of global scale. The firm has a worldwide network of relationships built over decades of experience investing in and advising rapidly growing companies in the technology sector. Princeville Global has offices in San Francisco and Hong Kong.