Gett has finalized a $115 million funding round, adding $15 million to the $100 million it announced last summer.
In a blog post, the company says it will use the funds to further develop its ground travel platform for businesses as well as for global expansion.
The post adds that the $15 million accounts for the interest from Pelham Capital Investments, a new investor in Gett and existing investors.
Gett CEO Dave Waiser says: “This investment will allow us to further develop our SaaS technology and deepen our proposition within the corporate ground travel market (both travel-related and local ones).
“It has been an incredibly difficult period for the travel sector but we are pleased to have finished 2020 operationally profitable and on budget.”
Amos Genish, Gett chairman, adds that the funding round was oversubscribed, demonstrating interest in the company's platform and vision.
He goes on to draw parallels between Gett and what the GDS companies did for air travel booking decades ago as well as what Booking.com has done for hotel supply.