CarTrawler, the B2B technology platform for car rental and mobility solutions to the global travel industry, today has acquired Paris-based travel insurtech business Koala for an undisclosed sum.
CarTrawler delivered revenues of €172 million, and achieved 14% year-on-year increase in car booking volumes in 2024. Significant investment into the business continued, with €8 million directed towards research and development to enhance the company’s proprietary Connect Platform, and expand its AI and data science capabilities.
Koala’s platform powers high-conversion insurance products such as ‘cancel for any reason’, trip disruption cover and more traditional travel insurance products across a network of over 70 partners in 17 countries.
Peter O’Donovan, chief executive of CarTrawler (pictured), said: “FY24 was a year of continued progress for CarTrawler. We delivered strong results, with further EBITDA growth to €23.305m, and a 14% increase in car booking volumes. In the period, we were delighted to welcome some of the leading brands in travel to our platform, as we convert a robust new partnership pipeline. FY25 is on track to deliver record levels for our business, with further growth secured for 2026 and beyond through a number of significant additional new partnerships
“The demand for B2B travel ancillary solutions continues to increase, with our travel partners asking us to add these solutions to our offering. The acquisition of Koala is a further step toward fulfilling our ambition of becoming the leading multi-product ancillary platform for the global travel industry. Koala’s product innovation and customer-centric approach makes them a natural fit. Together, we’ll unlock more value for travel partners and travellers alike.”
New partner additions this year included American Airlines, Qantas, Jet2, Virgin Australia, and Finnair alongside established partnerships including easyJet, eDreams ODIGEO, Uber, United Airlines and American Express, strengthening CarTrawler’s leadership in powering ancillary revenue for the world’s top travel brands.
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