Byway

Byway, a flight-free travel tech startup, has raised £5 million in an oversubscribed Series A funding round led by Heartcore Capital, with participation from Eka Ventures and existing angels, to accelerate development of its JourneyAI platform and expand into new regions.

Summary of transaction details:

• Value: £5 million
• Sector: Logistics & Transport
• Advisor: Not disclosed
• Key Entities: Byway (Target), Heartcore Capital (Lead Investor), Eka Ventures (Participant)
• Location: Not specified

Note: The investment reflects growing consumer demand for sustainable travel and positions Byway to scale its unique flight-free itinerary technology, potentially reshaping the tourism landscape amid increasing environmental awareness.