AERVIO
Travel Management Solutions.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor investor investor investor | €0.0 | round |
| N/A | €0.0 | round | |
| N/A | €0.0 | round | |
| N/A | €0.0 | round | |
| investor | €0.0 | round | |
| investor investor investor | €0.0 | round | |
* | N/A | Acquisition | |
| Total Funding | 000k | ||
| EUR | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % growth | 3135 % | 372 % | 50 % | (38 %) | 43 % | 75 % | 69 % |
| EBITDA | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % EBITDA margin | (12 %) | (15 %) | (14 %) | (15 %) | 5 % | - | - |
| Profit | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % profit margin | (14 %) | (16 %) | (11 %) | (15 %) | 1 % | (5 %) | (2 %) |
| EV | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
Source: Company filings or news article
Related Content
Aervio, founded in Barcelona in 2016 by Santiago Montero, developed a corporate travel management platform utilizing artificial intelligence. The company established a market presence by creating AI-based tools, including a platform using natural language processing (NLP), to streamline the planning and execution of business trips. This technology was designed to optimize searches, bookings, and invoicing, reportedly reducing the time spent on these tasks by up to 90%.
The company's business model was centered on a subscription-based service (SaaS) for its enterprise clients. The platform provided a comprehensive solution for corporate travelers, featuring integrated booking tools for flights, accommodations, and car rentals that adhered to company travel policies. Additional functionalities included centralized invoicing, multi-level approval workflows, and real-time tracking of employees. Aervio's target clients initially were companies spending between €50,000 and €500,000 annually on business travel, later expanding to include larger corporate accounts. Its client base spanned various sectors, including banking, fashion, law, and consulting.
Aervio secured approximately $835,000 in a seed funding round on August 1, 2019, with lead investors including TheVentureCity and Palladium Corporate Ventures. The firm's journey culminated in its acquisition by the Italian-based travel management company BizAway on April 14, 2025. The acquisition was a strategic move by BizAway to enhance its technological capabilities, particularly in AI, and strengthen its position in the Spanish market. Following the deal, most of Aervio's team was integrated into BizAway's Spanish offices to support the technological transition.
Keywords: corporate travel management, business travel platform, travel technology, AI in travel, SaaS, travel booking, expense management, travel policy compliance, NLP travel, itinerary management, centralized invoicing, employee tracking, travel and expense, T&E, acquired startup, BizAway, Santiago Montero, corporate travel solutions, travel automation, business mobility