Travel Technology startup Travelsify closes a seed funding round and gets the support from the Luxembourg Ministry of the Economy to power next-generation hotel search and personalization.
(Featured Image: Dr Alexander Weber, Alexandra Fernandez Ramos, and Bruno Chauvat / Image Credit: Travelsify)
Travelsify, the world’s first Hotel DNA content platform, today announced it has raised €2 million in seed funding led by Luxembourg-based business angels, and with the support of the Luxembourg Ministry of the Economy.
“We are incredibly proud to have achieved so much in such a short time. This substantial first funding round not only validates Travelsify’s competitive edge in the travel technology industry but also backs up our global growth strategy. We are happy and grateful for the support we received and keep on receiving from Luxembourg sophisticated investors.”– Bruno Chauvat, CEO at Travelsify
The investment will allow the company to accelerate the development of its highly qualitative Hotel DNA content platform already covering about 300,000 hotels worldwide, expand its team of experts in Luxembourg, and foster its global growth through new clients in Europe and overseas.
Founded in Spring 2016, the privately held company is based in Luxembourg and is led by 3 seasoned technology, big data and personalization entrepreneurs: Bruno Chauvat, Alexandra Fernandez Ramos, and Dr Alexander Weber. Travelsify now employs 15 people in Luxembourg from 7 different countries, including several PhD graduates and linguistic experts.
“Luxinnovation is thrilled to support Travelsify as innovative and technology-driven startup, especially in its early stage of development. Having a Luxembourg-based startup launching global activities is an asset for the country and its startup ecosystem.” – Antoine Hron, Head of Start-up Development at Luxinnovation
In less than one year, Travelsify gained the trust of AccorHotels, a world-leading travel and lifestyle group, to inspire, search and personalize according to local and cultural experiences thanks to its geo-targeted Travelsify Hotel DNA™.
Last November, the Travel Tech company has been selected as “Market Changing Innovator” by Phocuswright, the global travel industry research authority, and has been invited to showcase at the Travel Innovation Summit in Los Angeles, (California, USA).
Since its inception, the company has been supported by nyuko – the startup accelerator, Luxinnovation – the national agency for innovation and research, and the Ministry of the Economy in Luxembourg.
“At nyuko we believe successful disruptive ideas are led by great teams of entrepreneurs. We are delighted to count Travelsify and its highly complementary and experienced founding team amongst the startups we helped in seed funding”– Martin Guérin, Chief Executive Officer at nyuko.