Evaneos, a Paris-based online travel platform that connects travelers directly to chosen local experts, announced that it has secured €20 million in equity financing.
Existing investors, including Partech, Level Equity, Quadrille Capital, XAnge, Serena Capital, and Bpifrance via the Ambition Numérique Fund, participated in the round.
The announcement comes a couple of days after Partech closed its fourth seed fund, the Partech Entrepreneur IV, at its €120 million hard cap.
How will the funding be used?
The funds will enable Evaneos to strengthen growth across all current markets — France, Spain, Italy, Germany, Switzerland, and the Netherlands while intensifying investment dedicated to making travel a source of positive change.
The company will also enhance its tech capabilities, investing heavily in customer experience and agency network tools. Recruitment will strengthen the R&D team, which makes up 40% of Evaneos’ workforce.
Making positive impact in travel
Founded by Yvan Wibaux and Eric La Bonnardière in 2009, Evaneos is an online platform dedicated to making travel a source of positive impact. Consequently, the French platform puts travelers directly in contact with chosen local experts worldwide.
Yvan Wibaux and Eric la Bonnardière says, “More than half a million travelers have already placed their trust in Evaneos. We can also include our investors, who have supported us during our years of strong growth, during the crisis, and now in the recovery phase of our business.”
The platform aims to provide one-of-a-kind trips that respect local cultures and communities. Evaneos has more than 600 local partners in 160 destinations.
In June, the company became the first B Corp-certified tourism company.
“We have believed in our model since its creation. Today we’re working to bring Evaneos to new audiences and to deepen our connection with all our stakeholders: investors, employees, travelers, and partners. It’s most important for us to work together as we shake up an industry that needs to rethink how it operates,” they add.
An additional percentage of each trip sold is donated to the Better Trips fund, created to reduce the negative effects of travel, including offsetting CO2 emissions through certified projects and driving positive industry change.
Currently, the company employs 150 employees from 15 nationalities.
Marc Fournier, the Managing Partner at Serena Capital, says, “Never has the expression ‘what doesn’t kill you makes you stronger’ been as true as in the case of Evaneos. After two tough covid years, the company has emerged stronger, greener, and more determined than ever to provide a unique travel experience to every customer.”
Bruno Crémel, General Partner at Partech, says, “Evaneos is paving the way for the future of tourism by offering sustainable trips with local impact to as many travelers as possible. We are proud to contribute to accelerating the company’s development through this investment. Evaneos is emerging from the covid crisis with a profitable business model, a completely overhauled technology platform, and a new way of thinking about travel.”
Veronique Jacq, director of Digital Venture activity at BPI France, says, “Evaneos has emerged stronger after the tourism crisis. The company has consolidated its strengths: both the technology-driven business model and trips that respect the environment as well as local economies. We are delighted to contribute to the new round, which will give Evaneos the resources to become the leader in responsible tourism.”