Etraveli Group buys Israeli AI travel-tech co Wenrix
Swedish travel-tech firm Etraveli Group introduced as we speak the acquisition of Israeli AI travel-tech startup Wenrix. Monetary phrases of the deal weren’t disclosed however market estimates are that the acquisition was for $200-300 million, together with future milestone funds.
Wenrix has developed a platform primarily based on flight fare prediction algorithms and optimizing reserving procedures, which serves on-line journey brokers and businesses managing enterprise journey.
Wenrix says its expertise depends on the evaluation of extraordinarily giant information volumes, amounting to billions of value quotes per day, and is built-in into the continued actions of key gamers within the aviation market.
The corporate operates within the international flight reserving market, which is price an estimated $300 billion per 12 months, and in 2025, flights price greater than $14 billion had been offered by means of its platform.
Wenrix says it has annual recurring income (ARR) of over $20 million, and has been worthwhile for greater than two years with an annual development fee of roughly 40%.
Will stay unbiased and develop in Israel
Wenrix was based in 2018 by CEO Amir Balaish, CPO Tor Leelo and CTO Armon Avrahamy, former members of the IDF 8200 intelligence unit. The corporate at the moment has 80 workers, together with 60 in Israel.
In response to the corporate, after the transaction is accomplished, Wenrix will proceed to function as an unbiased firm underneath its present administration, and can improve its workforce to roughly 130 workers by the tip of the 12 months, with an emphasis on increasing R&D actions in Tel Aviv.
So far, the corporate has raised $23 million, with the newest financing spherical in 2023, led by Perception Companions. Liad Agmon served as a board member till the acquisition.
Wenrix’s buyers embody Moshe Rafiah, former CEO of Travelfusion and Skyscanner, the Naftali household by means of Internet Capital Ventures, the funding arm of the founders of Massive Procuring Facilities (TASE: BIG), in addition to angel buyers from the tourism trade.
For Etraveli, which at the moment operates in additional than 75 nations and operates manufacturers akin to Gotogate and MyTrip, the acquisition is meant to strengthen its B2B operations and combine AI capabilities deeper into its reserving infrastructure, in keeping with the corporate.
Revealed by Globes, Israel enterprise information – en.globes.co.il – on January 8, 2026.
© Copyright of Globes Writer Itonut (1983) Ltd., 2026.
