JetBlue Technology Ventures has exited the short-term rental data provider in a takeover by OTA Insights that follows $2.8m in funding.
Transparent, a Spain-based provider of data for short-term rentals, has been purchased by hospitality business intelligence provider OTA Insight for an undisclosed sum, allowing air carrier JetBlue to exit.
Founded in 2016, Transparent aggregates data from more than 35 million listings across multiple online short-term and holiday rental platforms including Airbnb, Booking.com and Vrbo.
OTA Insight, which operates a similar service focusing on the hotel business, aims to form the world’s most comprehensive platform for data and analytics, covering both hotels and short-term rentals, through the acquisition.
JetBlue Technology Ventures, the corporate venturing arm of JetBlue, invested an undisclosed amount in Transparent in July 2021 to bring its total funding to $2.8m. The company’s previous backers include Highgate Ventures, K Fund and Kima Ventures, though it has not disclosed details of its earlier funding.
Pierre Becerril, Transparent’s co-founder and chief executive, said: “Transparent’s high-quality data is the fuel that…
Fernando Moncada Rivera
Fernando Moncada Rivera is a reporter at Global Corporate Venturing and also host of the CVC Unplugged podcast.
