In a significant move, Tumodo, a pioneering business travel platform established in 2023, has successfully raised $35 million in a pre-seed funding round. The funding was co-led by angel investors focused on the MENA region. The infusion of capital is poised to propel Tumodo’s growth in the UAE market, drive further product development, and open up new partnership opportunities across the MENA market. By 2026, Tumodo aims to extend its platform to an additional 25 countries globally.
Tumodo stands out in the market by streamlining the process for businesses to book flights and hotels for hundreds of employees in just two minutes. Unlike its competitors, Tumodo does not impose hidden fees on users, offering businesses a transparent approach to managing expenses. Additionally, the company is actively developing an AI feature to simplify trip organization. Tumodo’s technology is designed for seamless integration into companies’ HR systems, enhancing internal processes’ efficiency.
Stan Klyuy, Chief Commercial Officer of Tumodo, expressed the company’s vision, stating, “Tumodo is the future of business travel. It is important for us to contribute to the MENA business travel market, making its recovery not only one of the fastest in the world but also the most technologically advanced. We help companies set up business processes and optimize the management of travel expenses, enhancing employee productivity and ensuring compliance with travel policies. This allows us to reduce the costs of business travel for our clients by an average of 35%.”
With the trust of over 100 businesses in the MENA region, Tumodo is intricately connected to major distribution channels and global hotel chains. Collaborating with over 400 airlines worldwide, the platform offers customers access to more than 2 million accommodation options and integrates with leading travel services globally.
Armed with cutting-edge technology and a customer-centric approach, Tumodo is positioned to emerge as the premier business travel platform in the MENA region. The company aspires to achieve a 100% adoption rate, supported by its dedicated help centre specialists ready to assist in trip organization and decision-making. Tumodo remains committed to empowering businesses of all sizes to achieve their travel objectives while maximizing return on investment.