Dreamlines, which claims to be Europe’s largest online travel agency specialising in cruise-related travel, is disclosing that it has raised €45 million in series E funding. The round is led by Princeville Global, with participation from existing investors that include Holtzbrinck Ventures, Target Global, Dimaventures, Hasso Plattner Ventures, TruVenturo, and Rocket Internet’s Global Founders Capital.
Founded by Felix Schneider in 2012, Hamburg-based Dreamlines can be thought of as a Booking.com or Expedia but for cruise holidays and other cruise line type travel. The OTA connects customers to what it says is the largest portfolio of cruises around the world, including holiday packages exclusive to Dreamlines.
Meanwhile, unlike other forms of holiday and travel, the cruise industry is only more recently being digitised, a sentiment echoed by Emmanuel DeSousa, Managing Partner of Princeville Global, who joins the Dreamslines board.
“The cruise industry is the last sizable, global travel segment to be disrupted by a tech-focused online booking platform,” he says. “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”.
To that end, Dreamlines says the investment will support its continued growth and international expansion. The company currently operates in 10 countries, partnering with over 100 cruise operators, and has raised around €110 million to date.
Adds Christian Saller, General Partner at HV Holtzbrinck Ventures and the Dreamlines chairman: “As an early investor, HV Holtzbrinck Ventures has seen Dreamlines grow by a factor ten since its initial investment into the European market leader. The new investment will allow Dreamlines to continue this success story”.