Austrian traveltech startup Tripmakery secures investment for European expansion
09 August, 2023, 14:22
Vienna-based Tripmakery.com, a group travel booking provider, has secured a seven-figure investment round co-led by venture capital firms ZAKA VC, Gateway Ventures, KFLT Angels, and Seedblink. The round will enable to expand across Europe.
- Launched in 2016, by Robert Sasse and Ajmal Said, Tripmakery develops an online travel service for groups that allows them to get offers from different kinds of touristic suppliers with just one platform. The startup claims that it works such as a travel agency, but faster and with at fewer costs.
- In 2016 Tripmakery processed 6,000 group inquiries from the DACH region (Germany, Austria and Switzerland) and generated a turnover of via the portal €600,000. In 2022, these figures have climbed to 60,000 group inquiries and an €10.3 million (GMV).
- This investment was led by Czech VC funds Zaka VC, Georgian real estate investment and development firm Gateway Ventures, German business angel network KFLT, and Romanian investing platform Seedblink. Individual investor, Jean-Pascal Duvieusart also joined.
- Tripmakery will use the investment to expand the platform’s hotel offerings and prepare for expansion into European countries. The company aims to grow by 2-3 fold each year and intends to launch in North America and Asia by 2025.