Travel funding deal volume hits new low in Q1 2026

Phocuswright data shows travel startup funding in Q1 2026 was approximately $1 billion across 44 rounds, down from 66 rounds and nearly $1.2 billion in Q1 2025. Investors prefer later-stage and AI-driven startups. Waymo raised $16 billion, Waabi secured $1 billion. Mews completed a $300 million Series D. Acquisitions include Capital One acquiring Brex, Flix acquiring Flibco, and more.