Six-figure investment for the Viennese travel startup Tripmakery
Datum: 2020-04-01 08:30:33
Investors of the primeCrowd network invest a six-figure sum in the group booking startup Tripmakery.
The startup 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 competition is currently still manageable, so far there is only one tool for group bookings in the USA. The addressable market, however, is huge, with a global hotel group business turnover of over USD 100 billion p.a. and still done predominantly through manual booking processes.
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.
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".
Investment will go into further development and personnel
By building up a unique inventory and a technological infrastructure specialized on groups, the travel startup also wants to become a mediator for other online booking platforms that handle groups.
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".