28 out of 30 VCs (93.33%) in the Travel SaaS industry are clueless!

This is what Ariel Cohen, CEO & co-founder of Navan (ex. TripActions) implies in his video, related to his fundraising experience during the pandemic lockdown period!

https://video.wixstatic.com/video/74fd63_469d86ffab194bf285ba844fe698c96c/480p/mp4/file.mp4

"Travel will never come back!" stated the omniscient VCs.

Still, Ariel Cohen "came back" with:

$125MM debt financing, in June 2020 (!)

$155MM Series E funding, in January 2021.

$275MM Series F funding at a valuation near $7.25B, in October 2021 (!)

The Cyclyst