Romania’s travel tech firm dcs plus, has raised an undisclosed funding from Credo Ventures, to support the company’s expansion intonew markets.
According to Cristian Dinca, CEO & Founder at dcs plus, “This investment will open up new possibilities for dcs plus and will allow us to develop and provide innovative products and services to more companies than ever before. We are already preparing the launch of some game-changing technologies quite soon.”
“We plan to strengthen our presence in existing markets and to expand our international operations in new regions,” added Dinca. “Our focus areas for the following period are represented by the Middle East, Central and North Africa and Southeast Asia – these being key regions, full of opportunities and with an increased appetite for scalable travel technology.”
Credo Ventures joins previous investor, Earlybird Venture Capital, the European based venture capital firm which initially invested in dcs plus in 2015, increasing the total amount invested in dcs plus so far to 6.2 million USD.
The first step in this expansion strategy is the opening a new office in Dubai during Q2 2017. The opening of the new office will allow dcs plus to better serve travel agencies in GCC countries. Recently, several large travel agencies from Middle East have joined dcs plus customer portfolio.
Ondrej Bartos, Partner with Credo Ventures said the ravel technology sector is extremely fragmented, and inefficient from the customer’s point of view. he thinks dcs might bring sanity back to the industry.
“We strongly believe that dcs plus has developed a very strong suite of products for travel industry, and has the potential to not only become a leading provider of travel software, but also make the market more efficient and transparent for the travelers,” said Bartos.
This fresh capital will allow dcs plus to better respond to international TMCs’ challenges and needs by launching new technological platforms for this segment. dcs plus will enable the simplification of the self-booking flow and will improve the overall travel experience for the modern business travelers.
Founded in 2002, dcs plus has a portfolio of hundreds of customers in more than 45 countries and has its own full software stack addressing the needs of all types of travel operators: TMCs, DMCs, tour operators, OTAs.
