Qatar-based investment firm No Borders Investments (NBI) has invested an undisclosed amount in Brazil-based flight metasearch engine Voopter.
Travel Capitalist Ventures also participated in the Series B funding round, NBI said in a statement.
The Doha-headquartered private investment firm typically makes investments worth $1-100 million in market leaders around the world, it said.
Its investments include government bonds as well as EU-based property funds spanning the Champs-Élysées in Paris, Zurich, and Geneva, Switzerland and Mayfair, London.
NBI has also made investments in US-based Content Market and India-based JetSmart.
Investments in Brazil, South Africa, and India allow the firm to diversify investments across asset classes and geography while adhering to its core investment thesis, said Abdulla Khalid, CEO and managing partner at NBI.
He said the firm is looking forward to announcing more investments in late Q3 of this year.
The investment will help Voopter speed up growth in the Brazilian market, where it is already the leading meta-search engine, said Pettersom Paiva, CEO of Voopter.
Voopter’s offerings are geared to Brazilian consumers who prefer to receive personalized promotional information and to plan trips in advance.
Voopter provides tools adapted to this traveler profile such as a multi-dates calendar, collaborative alert system, and curated content. It is used by more than two million users per month.
It previously raised investment from Global Founders Capital (GFC), a German venture capital firm that trains entrepreneurs.