Middle East business travel platform Tumodo raises $35M

Tumodo, a Dubai-based startup business travel platform, has raised $35 million in pre-seed funding.

The company said the funding is “co-led by MENA-focused angel investors” and will be used to grow its presence in the United Arab Emirates and to develop its product. And by 2026 it aims to expand its platform to more than 25 countries worldwide.

Founded in 2023, Tumodo said it is currently used by more than 100 companies in the MENA region. The platform works with more than 400 airlines and provides access to more than two million accommodation options.

"Tumodo is the future of business travel," said Stan Klyuy, chief commercial officer of Tumodo.

"It is important for us to contribute to the MENA business travel market and make its recovery not only one of the fastest in the world but also to make this market 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 to reduce the costs on business travel of our clients by 35% on average."

The company said it is developing an artificial intelligence-powered feature that will further simplify trip management for its clients.