Loading organizations...
Based in Zug, Switzerland, Camino Network is an open-source, permissioned layer-1 blockchain designed to facilitate decentralized Web3 applications and low-fee transactions for the global travel industry. The platform operates a consortium model supported by more than 100 active validators and has processed over 200,000 transactions across its decentralized ecosystem. The organization maintains a workforce of approximately 50 employees and has secured over $10 million in total funding, including a 4.3 million CHF seed round, to support the development of its native CAM token. The network's ecosystem encompasses more than 200 travel brands and features strategic backing and partnerships with recognizable industry entities such as Outlier Ventures, Falkenstein Ventures, and Travel Token Marketplace. The underlying technology was initially developed by Chain4Travel, which was founded in 2021 by Ralf Usbeck, Thomas Stirnimann, and Pablo Castillo.
Camino Network has raised $150K across 1 funding round.
Camino Network has raised $150K in total across 1 funding round.
Camino Network is a Layer 1 blockchain platform purpose-built for the $11 trillion global travel industry, enabling tokenization of travel assets like tickets and bookings, streamlined B2B payments, and decentralized applications (dApps) to cut costs and boost efficiency.[1][2][6] It serves travel companies, validators, and developers by solving issues like high credit card fees (around 3%), slow settlements, fragmented APIs, and reconciliation complexities through features like TravelFi, Camino Messenger, and a secure ecosystem with over 200 major brands including Lufthansa, TUI, and Sixt.[1][2][3] Backed by $10 million in funding and maintained by 100+ KYC/KYB-verified institutional validators staking CAM tokens, it has achieved strong growth with 52 validators, 6,100+ wallets, and 101,000+ transactions as of mid-2024, plus 200+ dApps in development for bookings, loyalty programs, and more.[1][3][4]
Camino Network emerged in 2021 as a collaborative idea to drive digital innovation in the fragmented travel sector, launching its mainnet in May 2023 after intensive development.[2][3][4] It was founded by travel industry veterans Ralf Usbeck, Thomas Stirnimann, and Pablo Castillo, and developed by Chain4Travel AG—a tech lab and consortium facilitator—with oversight from the Camino Network Foundation to build a decentralized Web3 travel ecosystem.[3][4][7] Early traction included securing commitments from over 80 validators and support from 140+ travel companies pre-mainnet, evolving into a live network with security audits, functional approvals, and rapid partner growth to over 200 brands amid post-pandemic recovery.[4][5]
Camino Network rides the convergence of blockchain, Web3, and travel's digital transformation, capitalizing on the sector's $11T scale and post-pandemic push for efficiency amid rising fees and data silos.[1][2] Its timing aligns with RWA tokenization trends and crypto adoption in legacy industries, where market forces like slow legacy systems and intermediary costs favor decentralized alternatives—validators and dApps create a self-sustaining B2B "internet for travel."[3][7] By setting standards for secure B2B/B2C distribution across continents, it influences the ecosystem through community-driven innovation, grants, and partnerships, fostering trust via on-chain transparency and potentially disrupting OTAs and payment rails.[1][5]
Camino Network is positioned for expansion with its mainnet maturity, growing validator base, and dApp pipeline, likely scaling via more RWA integrations, stablecoin settlements, and global adoption as travel rebounds.[2][5] Trends like AI-blockchain hybrids (e.g., Sleap.io) and Web3 loyalty programs will shape its path, with the January 2025 whitepaper signaling deeper features amid crypto market cycles.[3] Its influence could evolve from niche travel blockchain to industry standard, empowering stakeholders in a tokenized economy—bridging real-world travel with digital rails for sustained efficiency gains.[1][6]
Camino Network has raised $150K in total across 1 funding round.
Camino Network's investors include Outlier Ventures, Trent McConaghy.
Camino Network has raised $150K across 1 funding round. Most recently, it raised $150K Series A in September 2024.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Sep 1, 2024 | $150K Series A | — | Outlier Ventures, Trent McConaghy | Announced |
