Convergent International Travel (CIT) has successfully closed its Series B+ funding round. Led by Mangrove Capital with participation from WestSummit Capital and continued support from Enlight Growth Partners (EGP), this investment reinforces Convergent’s leadership in driving digital transformation across the hospitality and tourism industries.

Strategic Growth & Global Impact

• Since 2023, Convergent has secured two consecutive funding rounds totaling hundreds of millions, achieving 82% YoY revenue growth in Q1 2025. Key advancements include:
• Global Network Expansion: Operating across 13 countries, Convergent’s platform now connects 1.1 million hotels in 150+ destinations, serving 20,000+ channel clients.
• Technological Leadership: Proprietary SaaS solutions enable end-to-end digital integration—from dynamic pricing to AI-driven analytics—enhancing partners’ operational efficiency in resource management and reducing procurement costs.
• Supply Chain Breakthroughs: Direct hotel procurement capacity surged 125% YoY, with non-hotel categories (e.g., tickets, events, tours) growing 504%, demonstrating ecosystem synergy.

Financial Resilience & Innovation 

Convergent’s scalable model is validated by robust financial metrics:

• 22% YoY increase in net profit margin
• 1.8x net cash flow to net profit ratio
• 99.9% API stability supporting 760 million daily pricing inquiries and 50,000+ transaction requests per second at peak loads

Vision for the Future 

As the global tourism market approaches $955.9 billion by 2025 (UN Tourism), Convergent is executing a three-pillar strategy—Global Reach, Service Depth, and AI Evolution—to establish intelligent, interconnected travel infrastructure. Leveraging generative AI and big data, Convergent aims to optimize resource allocation, predictive analytics, and cross-border collaboration.

Join Convergent in shaping a smarter, more connected future for global tourism.