Dreamlines cruise portal has earned EUR 14 million from existing investors in the latest round of financing, the company confirmed to Hamburg News Wednesday (August 17th). The investors include Hasso Plattner Ventures, Holtzbrinck Ventures, Dimaventures, Truventuro, Target Global and Altpoint. Dreamlines deploys cruise ship experts to advise and look after customers in their foreign subsidiaries. Felix Schneider, Managing Director of Dreamlines, said: “Thinking globally, acting locally will allow us to boost our position on existing markets continually and to secure more markets for our offer.”
30,000 cruises by over 100 shipping companies
The start-up was founded in 2012 by Schneider and Nils Regge in Hamburg and now employs over 350 staff in Germany, Australia, France, the Netherlands, Italy, Russia and Brazil. The web page has over 30,000 cruises by 100 shipping companies on offer. According to Gruenderszene.de, the start-up obtained EUR 44 million in four rounds of financing. The cruise market is a hotly contested market. Dreamlines rivals include e-Hoi and Mykreuzfahrt.
The latest investment will allow Dreamlines to improve its position in Germany and to expand globally, said Dr. Christian Saller, General Partner at Holtzbrinck Ventures. Dreamlines recently entered a partnership with Russia’s Aeroflot to sell cruises to the airline’s customers.
Hamburg as a cruise ship location
The choice of Hamburg as headquarters of Dreamlines is good as the firm is near a large customer base. Speaking to Hamburg News Matthias Rieger, Managing Director of the Hamburg Cruise Center, said Germany is the biggest “source market” after the U.S. That means, that apart from Americans, most cruise ship passengers come from Germany.