01 / 11
Juno

Travel that remembers you.

We remember your family, so booking the next trip takes minutes, not nights.

Round
Series A
Raising
€22M
Led by
Andreessen Horowitz
02 / 11 · PROBLEM
The problem

Travellers trust their own judgment 89/100.
They trust the aggregator's ranking 11.

The 78-point gap is a market — and it's widest on the trips that matter most: multi-generational family trips where the booking site forgets the walk-in shower, the dairy allergy, and the hotel you loved last year, every single time.

Trust in self · 89
11
the whole market lives in this gap
03 / 11 · MARKET
Market size
Total travel
$1.61T
Global, 2025
Serviceable
$184B
Multi-room · multi-night · family / group leisure · EU + NA
Juno at maturity
$414M
ARR at 1% capture · 22.5% take rate
Bottom-up math
410M
households (EU + NA)
×
1.7
multi-room trips / yr
$265
avg take
= $184B/yr
Series A target captures 0.03%.
04 / 11 · WHY NOW
Why now

Three things true in 2026 that weren't in 2023.

01
Agentic AI + MCP make a 6-agent stack shippable by 50 engineers.
A Memory agent reading 8 years of past trips was sci-fi in 2023. It's a weekend in 2026.
02
Generative search collapses the SERP.
Claude and Gemini call APIs, not rankings. The aggregator's acquisition channel is disappearing — and the incumbent can't opt out.
03
Travellers have given up on aggregators for trips that matter.
NPS in the low teens across the category; the 89-point trust gap is widest exactly here.
05 / 11 · THE PRODUCT
One scene

It's 10:47pm.

Sarah types "my parents' 40th, nine of us, September, Italy, three rooms" into Juno.

Nine seconds later she sees four properties that fit her mum's walk-in shower, her son's dairy allergy, her sister's adjoining rooms, and the Puglia vibe she loved in 2023.

Twelve minutes later the trip is booked and the hotel has the brief.

10:47●●●
Trip request
my parents' 40th, nine of us, September, Italy, three rooms
Juno, 9s later
Masseria Coccaro
Fits 9 · shower · cot · breakfast
Borgo Egnazia
Don Ferrante
Borgo Canonica
06 / 11 · TRACTION
18-month targets

What €22M gets us to by month 18.

Paying families
80,000
ARR
€12M
Live markets
UK · NL · IT
Partner hotels briefed
1,400
on every stay
First → second trip
45%
north star 65% at scale
the headline number
Zero-touch trips
91%
close without a human
07 / 11 · MOAT
Why Booking.com can't copy this

Three structural reasons — not feature-level.

01

The Memory agent compounds on every trip.

Booking.com's model rewards forgetting — each session starts blank, because commission comes from the next SERP click. Our model rewards remembering — each trip makes the next one shorter. That's structural, not feature-level. They can't close it without cannibalising the SERP.

02

Radically different cost structure.

We run at 56 people and €300k revenue/employee; Booking.com runs at ~27,000 and ~€90k. Even if they built the Memory agent tomorrow, five existing cost centres would fight it internally because it replaces them.

03

Agentic discovery, not SEO.

As generative assistants eat the SERP, the aggregator optimised for ranking loses its acquisition channel. Juno is designed from day one to be the API an assistant calls — structured, agent-readable inventory, no pay-to-rank layer.

08 / 11 · TEAM
The founders

Four operators who've done this before.

AK
Anya Kowalski
CEO
Prev. VP Product at Revolut · shipped the family-accounts product that did €1.4B in card volume year one.
Turns emotional household moments into shippable product surfaces.
DH
Dario Hernández
CTO
Prev. Staff Engineer at Anthropic · worked on Claude's tool-use and agent evaluation harness.
Builds multi-agent systems that don't drift.
MO
Maya Okonkwo
Chief Partner Officer
Prev. Hotel Openings Director at Rocco Forte · ran onboarding for 22 properties.
Makes GMs actually read the brief before the guest arrives.
JL
Jonas Lindqvist
Head of Product
Prev. Founding PM at Linear, then head of AI product team at Notion.
Ships taste at speed.
09 / 11 · THE ASK
The ask

€22M Series A,

led by a16z.

Buys: 50 engineers + a 6-person Partner Ops pod · launch and scale UK / NL / IT · Memory agent end-to-end on 80% of booked trips with zero preference re-entry.

M18 · Product
80% of trips with zero preference re-entry.
45% trip-1 → trip-2 conversion.
M18 · Traction
80k families.
€12M ARR.
1,400 partner hotels briefed.
M18 · Operating model
€300k rev/employee.
vs Booking.com ~€90k.
10 / 11 · APPENDIX
Appendix · the facts behind the pitch

The numbers we stand on.

$1.61T
Global travel market, 2025.
89 pts
The gap between how much travellers trust themselves (89/100) vs aggregator rankings (11/100).
45%
Of 2025 venture dollars went to AI-native startups.
~27,000
Booking.com employees · ~€90k rev/employee · ~$160B market cap — the asset we're structurally advantaged against.
11 / 11

Travel that remembers you.

We'd like to build it with a16z.

anya@juno.travel
·
investor-deck · Series A · April 2026