- Entravel Group has raised $7.5 million to take its crypto-powered travel platform into mainstream markets.
- Ethereal Ventures, led by Joseph Lubin, and Finality Capital co-led the funding round.
- The company says its booking conversion rates are over 10%, much higher than the industry average of 1-3%.
If you’ve ever booked a hotel through Kraken or MetaMask, you’ve already used Entravel Group’s technology. The company builds travel booking systems for crypto exchanges and fintech companies, powering more than 40 brands that together claim 300 million users.
With its new $7.5 million funding, Entravel plans to bring its technology to the wider travel industry. The round was co-led by Ethereal Ventures, chaired by Ethereum co-founder Joseph Lubin, and Finality Capital.
GSR, Varrock, G1 Ventures, Seier Capital, Veris Ventures, Funfair Ventures, and WTG Ventures also participated.
“Across our live white-label platforms, users can save up to 60% on selected hotels, while average booking conversion rates are above 10%, compared with an industry benchmark of approximately one to three percent. MocatravelX works directly with hotels to secure rooms and negotiate rates. Ratestellar combines this inventory with supply from other sources, giving partners access to more than 2.2 million hotels,” said Mathias Lundoe Nielsen, founder and CEO of Entravel.
The hidden challenge of travel infrastructure
When you search for a hotel, the booking site usually pulls live room availability, prices, and hotel details from different suppliers whose systems don’t always connect. Entravel says 38% of travel management companies see this fragmentation as a big obstacle to growth.
Entravel Group was founded in 2026 in Delaware and is led by Lundoe Nielsen. Entravel’s products include a system built on the Model Context Protocol, which lets AI agents connect directly to its travel data and booking tools.
Tech Funding News recently covered a team of former Google Flights and Kayak engineers who raised money to stop AI agents from flooding airline search systems with speculative requests. The booking layer, not the chat interface, is becoming the main focus for new travel tech challenges. Entravel thinks that owning this infrastructure will be crucial as bookings move from planning tools to agents that handle the whole transaction.
Entravel already works with Brands for Employees, Switzerland’s biggest employee benefits platform, which partners with over 2,500 employers like UBS, Swisscom, SBB, and Julius Bär. This demonstrates that Entravel’s infrastructure is effective for audiences beyond the crypto space.
From crypto funding to mainstream expansion
The startup runs three connected businesses on one platform. MocatravelX works directly with hotels to get rooms and rates. RateStellar brings in more supply from other sources, using AI to match hotels and room types across suppliers, giving access to over 2.2 million hotels.
Entravel then creates a booking layer that partners can add to their own apps under their own brand. For example, a fintech app or employee benefits platform can offer hotel booking to users without building its own supplier network.
Entravel’s focus on infrastructure puts it in line with other B2B travel tech companies, but few handle all three parts of the stack at once. For example, London’s Lighthouse raised $370 million in Series C funding in November 2024 at a $2.4 billion valuation, but it provides pricing and revenue management software to hotels, not booking infrastructure for platforms.
“Online travel bookings approach $1.2 trillion in 2026, the need for modern, scalable distribution infrastructure is becoming increasingly important. Entravel Group has already demonstrated that its technology can power travel products for some of the world’s largest digital platforms,” says Joseph Lubin, Ethereum co-founder and chairman of Ethereal Ventures.
Entravel plans to use the new capital to expand supplier credit, boost booking volumes, move into traditional travel, and build a stablecoin-based financial system for settlement, treasury, and working capital.
Entravel wants to combine booking, supply, and settlement in one solution. It’s still unclear whether this approach will work outside the crypto world, where supplier trust and profit margins differ. This funding round hasn’t proven that yet.
