• Winding Tree
    Alt coins,  Ethereum,  Innovators

    Travel startup Winding Tree raises $15 million in ICO

    Looking to disrupt near duopoly with help from prominent partners

    Travel startup Winding Tree has raised approximately $15 million in an initial coin offering (ICO) that was supported by many travel providers, including Lufthansa and some hotel chains. Winding Tree is seeking to build a new open data infrastructure for the online travel industry, which has been growing as people from newly wealthy countries join the ranks of those traveling for pleasure and business. Yet the booming global $1.2 trillion travel business, which has joined all others in moving online, remains stubbornly stuck in the area of mediated transactions. It’s rare (and difficult) for consumers to purchase hotel rooms and airline tickets directly from the providers of same with the…