BizAway gets €10M for European travel-tech expansion
BizAway secured €10M in debt financing to fund its acquisition of Uniglobe Alliance Travel, using non-dilutive capital to consolidate European business travel.
BizAway is using debt rather than another equity round to finance consolidation in European corporate travel.
What happened
BBVA provided BizAway with €10M in debt financing to support its acquisition of Dutch company Uniglobe Alliance Travel. The facility is backed through InvestEU by the EU and European Investment Fund.
Why it matters
Acquisition financing allows a later-stage software company to expand without repeatedly issuing new shares. For businesses with recurring revenue and a clearer path to cash generation, debt can become a more efficient tool for buying competitors or entering new markets.
The bigger picture
European software companies are increasingly using a broader mix of capital as they mature. The shift from venture equity toward debt, acquisition facilities and other structured financing is part of the normalisation of the region’s scale-up ecosystem.