BBVA Spark supports Exoticca's international expansion and technological investment with an additional €25 million in debt finance
Exoticca, a leading company in the digitization of high-value travel, has secured a new €25 million financing agreement with BBVA Spark. This debt agreement, which builds on the €4 million agreement signed with BBVA Spark last year, will support the company's international expansion and drive its investment in technology.
Exoticca, a frontrunner in Barcelona's entrepreneurial ecosystem and a strong contender to achieve unicorn status, is pioneering the digitization of big-ticket tourist trips: a category that, due to its high complexity involving multiple flights, hotels, and activities, previously lacked an online offering.
The digital travel agency seeks to replicate its success in the United States by expanding into Chile, Argentina, Uruguay, Peru, Ecuador, and Costa Rica. This new funding agreement complements the recent €60 million capital investment round led by Quadrille Capital, bringing the total Series D to €85 million.
The financing will enable Exoticca to continue investing in technology and fast-track its international expansion, solidifying its role as a digital pioneer in the global package travel industry, a market valued at over €100 billion annually.
“At BBVA Spark, we are excited to support Exoticca once again with this €25 million agreement, which builds upon the €4 million deal we signed in 2024. Exoticca is a prime example of a successful technology company that has managed to scale and expand internationally, digitizing a product that, until recently, was only available through physical stores,” says Miguel Ángel Alcalá, head of BBVA Spark in Spain.
Pere Vallés, CEO of Exoticca, stated, "This additional financing from BBVA Spark provides us with even greater flexibility to continue innovating in our business model and expanding our international presence, particularly in key markets like the United States, where we already generate over 50 percent of our revenue."https://www.bbvaspark.com/contenido/es/noticias/entrevista-pere-valles-exoticca-startup-spotlight/
A substantial portion of this investment will be dedicated to enhancing Exoticca's artificial intelligence and machine learning platform, which enables personalized travel recommendations, optimized pricing strategies, and automated creation of highly complex itineraries. These advancements will help travelers discover their ideal destinations more efficiently while also strengthening Exoticca's global supplier network, improving the customer experience, and reducing costs.