The number of new funding rounds into travel tech businesses increased by 12% between 2015 and 2016.

Although the volume of individual deals climbed during last year, actual levels of funding were down overall on the previous year.

Tech financing tracker CBInsights found the total number of deals reached their highest level since 2012 with a total of 360 investments.

The biggest year to date, in terms of total funds raised, came in 2015 but this was primarily due to an $1.5 billion Series E round into Airbnb.

Last year the heftiest investment went to Airbnb again ($556 million), followed by Skyscanner’s pre-acquisition round of $192 million.

500 Startups is the biggest backer of travel tech brands, in terms of volume of deals, followed by SV Angel and Plug & Play.

A notable shift over the year last five years is the reduction in the number of seed rounds into travel tech businesses – from 61% of overall deals in 2012 to 50% last year.

NB: Full analysis on the CBInsights blog.

NB2: Startup money via BigStock.