Tech Company Financing Transactions
utu Funding Round
utu secured a $33 million Series B funding round on 6/26/2023. Investors included SC Ventures.
Transaction Overview
Company Name
Announced On
6/26/2023
Transaction Type
Venture Equity
Amount
$33,000,000
Round
Series B
Investors
Proceeds Purpose
The company will use the funds to help travelers get more from tax-free shopping.
Company Information
Company Status
Private & Independent
Industry
Transportation
Mailing Address
Via Maurizio Gonzaga
Milan, Lombardy, 20123
IT
Milan, Lombardy, 20123
IT
Phone
Undisclosed
Website
Email Address
Overview
utu is a travel technology company with a mission to transform the global travel experience for tourists. By introducing them to a world of rewards with higher VAT and GST tax refunds, they can get the most value out of their trips. Far more than just digitizing the process, utu re-engineers the broken tax refund industry to finally put the customer first. By integrating tax refunds with the rest of the travel ecosystem, utu bridges the worlds of refunds and rewards, and unlocks new value in the form of points from retailers, airlines, hotels, restaurants, and many more.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Asad Jumabhoy
Chief Technical Officer
Vidur Verma
Co-Founder
Ameer Jumabhoy
Co-Founder
Jeremy Tan
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Where The Data Comes From
We do our best to report on every notable VC transaction. All VC database entries reported here are sourced from news reports and company announcements. The information is sourced from VentureDeal.com, an affiliated venture.
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