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Company ‘behind CruiseAway’ gets $20 million funding

August 17, 2016 Headline News No Comments Email Email

egtmedia59Dreamlines, based in Hamburg, Germany and the company behind the Australian cruise online travel agency, has secured a further EUR 14 million (AUD 20.4 million) in funding from its existing investors, according to a company statement.

The investors are named as Hasso Plattner Ventures, Holtzbrinck Ventures, Dimaventures, Truventuro, Target Global and Altpoint.

General Partner at Holtzbrinck Ventures, Christian Saller, said the additional funding would strengthen Dreamlines’ position as an industry leader.

“The new investment will enable Dreamlines to further consolidate its position as the uncontested market leader in Germany and gain a greater market share here, while also securing continued global growth,” he said.

Dreamlines, which launched in 2012, operates in seven markets around the world, which it says gives it a broader global base than its rivals.

The online cruise portal claims to be the biggest of its kind in Europe. It employs   more than 350 people in Germany, Australia, France, the Netherlands, Italy, Russia and Brazil.

The Dreamlines portfolio consists of over 30,000 cruises operated by more than 100 cruise lines, “which represents practically all cruises presently available on the market”, a company statement said.

Managing Director Felix Schneider said Dreamlines’ employment of highly specialised cruise agents who advise and support their customers from branch offices in each country provides the highest degree of consultancy that is essential when selling cruises.

“Think global, act local: with this philosophy we will continuously strengthen our position in existing markets, and are confident that we will open up new markets for our services,” he said.

Dreamlines recently announced a partnership with Aeroflot to provide cruises to Russia’s largest airline’s customers.

The company is also extending its package business, in the form of selected cruise package deals.

Edited by Peter Needham

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