Pangea Travel announced funding of €9 million in a round led by Axon Partners and Javier Rubió.

Pangea Travel, a Madrid, Spain-based company operating a consumer travel business, announced the completion of a financing round totalling EUR 9 million ($10M).

The funding was led by venture capital company from Spain Axon Partners and angel investor Javier Rubió.

Money will be used to accelerate the national and international expansion with two openings in Valencia and Bilbao, as well as being active in the Latin American market in 2020.

Pangea Travel was founded in 2014 by CEO David Hernández, as an experience-based travelstore. The company opened a first travel store in Madrid in 2015 and a second one in Barcelona in 2018. Via web and offline it operated 15,000 reservations for 40,000 customers.