Technology

Easol in London, which provides everything a travel experience creator needs, will raise $ 25 million in a Tiger Global-led round – Tech.eu

London-based experience commerce platform ESOL Raised $ 25 million in a Series A funding round. Taking advantage of the zeitgeist of travel experience, Easol offers a one-stop shop for independent creators who are building their businesses based on their passion. This money will be used to further develop the company’s offerings to entrepreneurs and grow the team in offices in London, Lisbon, and the United States. Following the $ 4.5 million seed round in March this year, the startup is currently raising a total of $ 29.5 million.

Established in 2017 Lisa When Ben SimpsonHe is also the founder of Europe’s largest snow sports and music festival. rise, And an off-road travel experience company Beyond adventure, Easol was born out of a couple’s challenges and frustrations about what was available on the market at the time.

“In the face of hacking so many third-party tools together to successfully run and grow our business, we designed Eagle as the dream all-in-one platform we need for our own experience business.” Explains CEO Ben. Simpson.

The last two years have been a bit tricky for Easol, but it’s also a disguised blessing, as I haven’t said anything obvious. If there’s an estimated $ 1 trillion in experience and travel tables, and in 2022 everything went well and the ability to stand at distances less than 2 meters was restored, the author now calls it and says Easol is sitting. In a very good place.

And I’m not the only one. Startups report that since March of this year, the number of affiliated creators has increased 10-fold, the customer base has increased 913%, and the number of transactions has increased 50-fold. Total spending on the entire platform is more than 30 times higher. A healthy number in any way you see it.

“Two years have been tough, but it’s very inspiring to see our great team come together in extreme situations to support creators at the most difficult times to get out of a stronger business than ever before. That’s right, “Ben added.

Easol’s $ 25 million Series A round Tiger global I saw participation from existing investors Conceptual capital, Foundation Capital, Y Combinator, When FMZ Ventures Guided by Michael Zeisser, Former Chairman of Alibaba’s US Investment.

For investment, Tiger Global Evan Feinberg “Easol’s market-leading platform and industry expertise allow clients to imagine and sell their own experiences to consumers. In the rapidly expanding experience commerce market, Easol is experiencing significant growth. We are confident that we are ready to win and we are pleased to partner with the Ben, Lisa, and Easol teams. “



https://tech.eu/brief/providing-travel-experience-creators-with-everything-they-need-londons-easol-raises-25-million-in-tiger-global-led-round/ Easol in London, which provides everything a travel experience creator needs, will raise $ 25 million in a Tiger Global-led round – Tech.eu

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