Venture Capital
It’s unclear if business travel will bounce back to pre-pandemic levels. But that isn’t stopping investors from betting on a startup with a new take on business travel software. New York City-based Spotnana announced a $34 million Series A round on Wednesday. Seattle-based Madrona Venture Group co-led the round with ICONIQ. Steve Singh, co-founder of travel expense giant Concur and a managing director at Madrona, is chairman of the company. Former Expedia CFO Greg Stanger, now an investor at ICONIQ, is also on the board. Sarosh Waghmar and Shikhar Agarwal founded Spotnana last year.