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 Scottish software developer has raised fresh private equity backing to advance its booking platform and grow its American footprint.
"The pandemic has, and continues to be, a massive challenge for the travel industry, but over the past 16 months, Traveltek has used the time wisely to remain focused on evolving and innovating its product range. The announcement of the £1.3 million investment allows us to expedite the journey to not only reinvent and rebuild our core product , but also create the world’s leading travel technology platform."
The investment from the Midlands Engine Investment Fund will support the company as it expands its team and rolls out its road safety application.
"For too long, the insurance industry has had limited visibility of driver knowledge and skills data upon which to base underwriting and pricing decisions. We’re changing that with RoadHow. Through RoadHow, we will be able to provide insurance companies with real data that will create a much stronger relationship for both the insurance company and the driver. We want to reward good behaviour through data."
WhereIsMyTransport secures a Series A extension led by Naspers Foundry, Cathay AfricInvest Innovation Fund, and SBI Investment to expand its mobility data offering.
"Our initial round gave us the leverage we needed to enter new markets, and to broaden our reach. Securing additional funding now, as cities experience unparalleled changes to their mobility landscapes, is testament to the many opportunities that we create by producing accurate and reliable public transport data, and to our market-leading position,"