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§ Private Profile · Rio De Janeiro, Rio de Janeiro, Brazil
Travel booking platform providing hotel and package deals for leisure travelers, offering a wide selection of destinations and accommodations.
Hurb, a prominent online travel agency based in Rio de Janeiro, Brazil, provides a comprehensive digital platform for hotel bookings, travel packages, and experiences primarily across Latin America. The company has successfully raised over $100 million in funding through various rounds, with notable early investment from firms like Insight Partners, solidifying its position in the region's competitive travel technology landscape. Serving millions of customers annually, Hurb's platform aims to simplify travel planning and offer competitive deals across a vast network of accommodations and services. At its operational peak, the company employed over 800 individuals, managing a substantial volume of transactions and expanding its market reach. Hurb has focused on leveraging technology to connect travelers with diverse options, from budget-friendly stays to luxury getaways, across its extensive network. Founded in 2011 by João Ricardo Mendes and José Eduardo Mendes.
Hurb has raised $206.3M across 7 funding rounds.
Hurb has raised $206.3M in total across 7 funding rounds.
Hurb has raised $206.3M across 7 funding rounds. Most recently, it raised $60.0M Other Equity in July 2015.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Jul 6, 2015 | $60M Venture Round | Booking Holdings | — | Announced |
| Mar 8, 2014 | $51.3M Venture Round | Tiger Global | Insight Partners | Announced |
| Mar 1, 2014 | $50M Series D | — | Smash Capital | Announced |
| Aug 7, 2013 | $20M Series C | Bradley Twohig | — | Announced |
| May 1, 2013 | $12M Series C | — | Smash Capital | Announced |
| May 1, 2012 | $8M Series B | — | Smash Capital | Announced |
| Feb 1, 2011 | $5M Series A | — | Smash Capital | Announced |
Hurb is a Brazilian online travel agency (OTA) that builds a digital platform for booking hotels, vacation packages, cruises, and related services, primarily targeting budget-conscious travelers seeking off-season deals on unsold inventory.[1][3][4] It serves over 25 million registered users across 35,000 destinations in 180+ countries, solving the problem of high travel costs by offering up to 40% discounts through flash sales and optimized inventory, while leveraging AI and machine learning for personalized recommendations and efficient operations.[1][2][3] With 725+ employees (growing to 900+), offices in Rio de Janeiro, Sorocaba (Brazil), Porto (Portugal), and Montreal (Canada), Hurb processes bookings rapidly—one hotel stay every five seconds—and has raised $156M from investors like DST Global, Insight Partners, and Booking Holdings, achieving unicorn status valued at R$2.6 billion (~$500M USD).[1][2][3][4]
Founded in January 2011 in Rio de Janeiro by brothers João Ricardo Mendes and José Eduardo Mendes, who brought expertise in tech and tourism, Hurb started as a collective buying website but pivoted after five months to an OTA model focused on short-term, off-season packages with deep discounts on unsold hotel rooms.[1][3][4] Early traction came from aggressive growth: by 2013, it expanded to 35,000 destinations worldwide, secured investments from Tiger Global Management and Insight Partners (backers of Facebook and Netflix), and built the world's most popular tourism Facebook page with 12M+ fans.[4] Pivotal moments included migrating to Google Cloud for scalability, partnerships like Rock in Rio (2014-2015) for event packages, and RentalCars.com (2015) for global car rentals, fueling exponential user growth to 25M registered tourists and 14M social followers in under a decade.[1][4]
Hurb rides the travel tech wave in emerging markets, capitalizing on mobile-first adoption in Latin America where smartphones enable impulse bookings for budget travel amid rising middle-class tourism.[1][3] Timing aligns with post-pandemic recovery, cloud scalability needs, and AI advancements—e.g., 2023 DeepMind partnership for weather predictions and price optimization—countering market forces like inventory gluts from hotels and economic volatility in Brazil.[1][4] It influences the ecosystem by pioneering OTA models in Brazil (competing with global players like Booking), boosting local tech talent via 900+ jobs, and setting benchmarks for AI-driven personalization in a $1T+ global travel industry fragmented by regional players.[2][3][4]
Hurb's momentum—fueled by AI efficiencies, global expansion (new Canada office), and $156M funding—positions it for deeper LatAm dominance and international growth, potentially via more AI integrations like advanced pricing models or metaverse experiences.[1][2][3] Trends like sustainable travel, real-time personalization, and economic headwinds (e.g., 2024 customer complaints over refunds) will test resilience, but cloud robustness and engineer-heavy culture suggest adaptation.[1][4] Its influence may evolve from discount pioneer to full-stack travel optimizer, tying back to its core mission of making travel accessible through science, provided it resolves service reliability issues.
Hurb has raised $206.3M in total across 7 funding rounds.
Hurb's investors include Booking Holdings, Tiger Global, Insight Partners, Smash Capital, Bradley Twohig.