online booking platform for group travel
Tripmakery has developed an online booking platform for group travel, based on a specially programmed direct interface to the partner hotels. The well-known travel providers only offer room rates and booking functions that are intended for individual travellers. At Tripmakery you get the best offers and optimized booking functions for travel groups and thus it serves the market for companies, clubs and school classes. The vision for 2030 is to become the technological backbone for group bookings and to grow into large group travel markets like the US and China where there is a huge potential for the solution.
With their idea Robert Sasse and Ajmal Said could already convince well-known investors. Both the founders of Hotel.de and Speedinvest are convinced of the solution and have already invested in Tripmakery. Investors in the primeCROWD network have now invested a six-figure sum in the startup.
● Quadrupling of booking volume in 2019 to €300,000 per month
● Positive contribution margin of new customers at the first booking
● 4.5 billion market for group travel in the DACH region alone
● Clear USPs for hotels and customers that distinguish them from established platforms
● First Mover Advantage in a rapidly growing niche
→ raised 6 figure investment
→ connected into future market
→ fully digital round during COVID-19
Despite the particular current situation, CEO Robert Sasse is looking positively into the future: "Even though the tourism market is currently strongly affected by the crisis, our vision remains to become the technological backbone for group bookings used by different interest groups (B2C & B2B) as soon as possible. In view of the current situation one should also not forget that the travel industry in general forgets quickly and recovers fairly quickly after crises. Our explicit thanks also goes to primeCROWD for their professional support and handling, and of course to their investors, who see our potential and stand by us during this time".
This assessment is shared by investor Heinz Raufer, co-founder of Hotel.de: "I am very pleased about the trust PrimeCrowd investors have placed in Tripmakery in a very challenging time. We founded "hotel.de" back then on 11.09.2001 anticyclically and led it to success. I expect the same from Tripmakery, as the convincing entrepreneurial team, the innovative product as well as the still very manageable competition in Europe offer the best conditions for this".
Michael Schuster from Speedinvest adds: "With group bookings, Tripmakery is digitizing a huge market segment that still lags far behind other segments in the travel industry in terms of online experience. With the Tripmakery booking engine, even bookings of large groups can be made easily and clearly. We strongly believe in the Tripmakery team and in the market for private group travel, which we believe will recover quickly from the current situation. Tripmakery therefore has the best prerequisites to offer its customers an excellent service after the crisis. We are pleased to have primeCROWD on board, a new investor with a very broad network in the DACH region".
Investment Director Ronald Rapberger explains the reasons for the successful campaign: "With its tool for hotel room bookings, Tripmakery offers a clear, relatively simple and very scalable product and is therefore a pioneer in the (European) market. The fact that we were able to close the financing round in the currently challenging times underlines once again the confidence of our investors in the product and also the very complementary founding team around Robert and Ajmal".
Year invested: 2020
Sector: Digital Economy
Deal Captain: Dr. Ronald Rapberger