PKFARE lands $1.6m series A round

The travel startup has received investment from China’s Civil Aviation Investment Fund.

PKFARE, a China-based technology startup focusing on the B2B travel marketplace, has raised $1.6m in a series A funding round, the firm announced this week.

Investors included Civil Aviation Investment Fund, the venturing arm of China’s Civil Aviation Administration, as well as Caissa Tourism Group and Chuang Fund.

Civil Aviation Investment Fund’s general manager Gao Jian Ming said: “"The reason why we invested in PKFARE is that we lay emphasis on projects related to its innovative technology and big data application. We are confident that the company will take a lead in helping the tourism industry break trade barriers and create a new supply and demand ecology.”

See more from this Government Report: People's Republic of China


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