WeTravel, a fintech platform for travel companies, announced on Monday it secured $2 million through its seed funding round, which was led by Berkeley-based The House Fund, Brett Wilson, the former CEO of TubeMogul, and other investors. Founded in 2016, WeTravel describes itself as an online platform for anyone organizing a group trip. It provides organizers with pre-departure tools to collect funds and organize logistics.
“Our website allows organizers to create a beautiful website for their trip in minutes. Organizers can collect deposits directly on the WeTravel platform and then easily transfer the funds to their account or directly to a travel agent or airline (even internationally, at much better exchange rates than banks!!!) Our powerful dashboard makes refunds super easy and allows organizers to collect any outstanding amounts with just a few clicks.”
WeTravel’s CEO, Johannes Koeppel, stated:
“WeTravel is a natural fit for SMB travel companies. They often lack efficient, cost-effective online payment systems, especially when they offer multi-day custom itineraries or group trips. WeTravel provides them with a simple online booking engine that can be integrated into their own websites even with very limited tech knowledge.”
WeTravel also reported that its platform transacted more than $15 million in 2017 and has just opened its European subsidiary to start international expansion. Brett Wilson, former CEO of TubeMogul and now VP at Adobe, will be joining WeTravel’s board. He commented:
“I was an early angel two years ago and have been impressed with the team’s ability to execute. I’m excited to now double down and join WeTravel’s board. I’m convinced WeTravel will become the fundamental technology for travel organizers.”
All funds from the seed investment round will be used to continue the growth and development of WeTravel’s platform.