Entravel Group, whose white-label booking stack powers hotel search in apps like Kraken and MetaMask, has raised a $7.5M seed round co-led by Ethereal Ventures and Finality Capital. The startup plans to expand into mainstream travel and build a stablecoin-based settlement system.
Crypto-native travel infrastructure provider Entravel Group has raised $7.5 million to take its white-label booking platform beyond Web3 partners into the broader travel market. The seed round was co-led by Ethereal Ventures, chaired by Ethereum co-founder Joseph Lubin, and Finality Capital, Tech Funding News reported.
GSR, Varrock, G1 Ventures, Seier Capital, Veris Ventures, Funfair Ventures and WTG Ventures also joined the round. Entravel did not disclose the valuation.
Entravel builds and operates travel booking systems that sit inside crypto exchanges and fintech apps, powering hotel reservations for more than 40 brands that together claim around 300 million users. Its technology underpins hotel booking experiences already live in products such as Kraken and MetaMask.
The company runs three connected businesses on a single platform. MocatravelX contracts directly with hotels to secure inventory and rates, while RateStellar aggregates additional supply and uses AI to standardize and match room types across sources, providing access to more than 2.2 million hotels. On top, Entravel offers a white-label booking layer that partners embed under their own brands.
Founder and CEO Mathias Lundoe Nielsen said average booking conversion rates across Entravel-powered platforms exceed 10%, compared with an industry benchmark of about 1% to 3%. He added that users can save up to 60% on selected hotels, citing direct hotel relationships and multi-source inventory as drivers of those economics.
Entravel is positioned as infrastructure in a fragmented travel stack where booking engines typically pull live rates and availability from multiple, often incompatible, supplier systems. The company says 38% of travel management companies view this fragmentation as a major growth constraint.
Beyond crypto, Entravel already powers hotel booking for Brands for Employees, Switzerland’s largest employee benefits platform, which works with more than 2,500 employers including UBS, Swisscom, SBB and Julius Bär. The company argues this shows its stack can serve non-crypto audiences.
Entravel has also built a system on the Model Context Protocol, enabling AI agents to connect directly into its travel data and booking tools. That aligns it with a growing cohort of travel-tech players focused on the booking and transaction layer for AI agents, rather than just search and planning interfaces.
Lubin said that with online travel bookings nearing $1.2 trillion in 2026, demand for modern, scalable distribution infrastructure is rising, and that Entravel has shown its technology can power travel products for some of the world’s largest digital platforms. He framed the firm as infrastructure that could benefit as bookings move from consumer interfaces to agent-driven flows.
Entravel plans to deploy the capital to extend supplier credit, increase booking volumes, and expand into traditional travel verticals and partners. It also intends to build a stablecoin-based financial system for settlement, treasury and working capital, combining supply, booking and crypto-native settlement in a single stack.
The model puts Entravel in the B2B travel-tech infrastructure camp alongside firms like London-based Lighthouse, which raised $370 million in a Series C round in November 2024 at a $2.4 billion valuation. However, Lighthouse focuses on hotel pricing and revenue management, while Entravel is targeting embedded booking infrastructure and crypto-enabled settlement, a thesis it still needs to validate at scale outside crypto-native channels.
