Date de publication: 6 octobre 2021
Promoteur – Intermédiaire Financier
TOURRADAR GMBHLieu
Description
TourRadar is an Austrian travel tech company that operates a global booking platform, marketplace and online travel agency for multi-day tours. The financing primarily supports expenditures in research and development (R&D) and market development. The project concerns the development of algorithms and machine learning capabilities to improve the ranking and searching accuracy of the platform, better customer profiling capabilities and enhanced customised suggestions for users. In addition, the project supports TourRadar in becoming mobile-first and improving functionality on mobile devices.
Additionality and Impact
The
project supports the policy objective of support for SMEs, as well as
innovation and digitalisation by providing tailored venture debt financing to
an innovative start-up in the area of developing its online travel-booking
platform and acting as a driver of digital innovation in the travel sector.
The
project entails positive knowledge spill-overs related to the development of
algorithms and machine learning capabilities to improve the accuracy of ranking
and searching, customer profiling techniques and enhanced customised
suggestions for customers, strengthening the EU's position in innovative
digital markets.
EIB's
financial contribution facilitates the SME's sustainable growth and helps to
maintain its technological edge, despite the adverse economic conditions
resulting from the COVID-19 outbreak. Furthermore, it provides a positive
signalling effect to crowd-in further financing from private investors.
Objectifs
The objectives of the EIB financing are to support the company to mitigate the impact from the COVID-19 pandemic and to execute its growth investments mainly in R&D and commercial expansion.
Secteur(s)
- Services - Information et communication
Montant BEI envisagé (montant approximatif)
EUR 14 million
Coût total (montant approximatif)
EUR 17 million
Aspects environnementaux
The project activities do not fall under the Annexes I or II of the EU Directive2014/52/EU amending the EIA Directive 2011/92/EU. The project will be carried out in existing facilities, already authorised, that will not change their scope due to the project. As such, the project activities are not subject to a mandatory environmental impact assessment (EIA).
Passation des marchés
The Promoter is a private company not operating in the utilities sector and not having the status of a contracting entity, and is thus not subject to EU rules on public procurement. Under these conditions, the procurement procedures followed by the Promoter are suitable for the project.
Statut
Signé - 9/07/2021
Clause de non-responsabilité
Avant d’être approuvés par le Conseil d’administration et avant la signature des prêts correspondants, les projets font l’objet d’une instruction et de négociations. Par conséquent, les informations et données fournies sur cette page sont indicatives.
Elles sont fournies à des fins de transparence uniquement et ne peuvent être considérées comme représentant la politique officielle de la BEI (voir également les notes explicatives).