Innovate UK and Founders Factory backed the traveltech startup to accelerate its sustainable holiday platform.
"Our tech-driven approach to slow travel is not just about providing holiday experiences grounded in travelling through, rather than flying over, but about accelerating the world’s transition to sustainable travel. The past year saw the world forced to slow right down. Emerging from lockdown, many people are now choosing slower, more sustainable holidays that take them away from the crowds and help them enjoy the journey as much as the destination.We’re taking the time, and the work, out of planning and booking off the beaten path trips by train, boat and bike – and the reception we’ve had has been glowing. Our personalised, experience-based approach and on-demand WhatsApp support means holidaymakers get to spend a whole lot of time enjoying their trip and none at all managing multiple tickets, complicated timetables, and changing travel restrictions."
The pre-seed round was backed by BBVA Anthemis Venture Partnership and Triple Point Ventures to fund platform development and team expansion.
"Finance for postgraduate and technical qualifications is outdated and prohibitive. The best courses are too expensive for the vast majority of potential students, and the costs are not covered by Government loans. The Student Loans Company loses 80p for every £1 it lends – a public finance model simply isn’t viable when half of Masters graduates go on to earn less than the UK average so would never repay the loan. Debt is a poor solution to this problem, with lending terms based on past income, which restricts opportunity for younger and less wealthy individuals and limits upward social mobility. Outcome-based finance fixes this and opens up enormous economic opportunities for people who would otherwise be priced out of the kind of courses that unlock significantly higher earning potential."
The pre-seed round was co-led by Kodori AG and Calm/Storm to support product expansion and team growth.
"Thymia was born when a close friend of mine tried to take her own life. Her friends and doctors missed the signs that she was so seriously unwell, not least because the process of accessing the right treatment was based on out-dated methodologies not fit for the complexities and nuances of an illness like depression."
GC Angels led the pre-seed round to help develop the company software offering and expand the team.
"Remote working has boomed during COVID-19. We’re excited to help newly remote workers to discover their core values and work more productively with their teammates. By enabling us to recruit a new senior developer. And appoint Jess Jackson to our board. This investment will also strengthen the diversity of our already inclusive team. As we look to scale up in the UK and beyond."
SFC Capital led the pre-seed round alongside tech founders and angels to help grow the team and refine the product.
"In the aftermath of Covid, many amongst us are choosing the self-employed route, which is making the UK economy more vibrant and innovative. Current invoicing tools are not designed for these micro businesses, plus existing payment products take a significant chunk of their invoice value. We are here to change this thanks to Open Banking and our innovative self-service platform"