France-based online travel agency Planetveo has raised over €15m ($19.7m) in funding from Iris Capital, the investment fund supported by mobile telecommunications company Orange and advertising and public relations company Publicis, and from listed private equity and venture capital investor Gimv.
Previously in 2007, investment management company Alven Capital invested €2.5m capital in Planetveo, and a further €1m in May 2011.
Alven Capital, Iris Capital and Gimv now own 75% of the company’s equity, with the remainder owned by the Planetveo’s founding directors, Geoffroy de Becdelièvre and Mathieu Bouchara.
