Electronics

Travello Lands $ 5 Million Investment Rounds To Grow Travel Social Networks

TravelloA travel social network, has raised 5 million in a Series A round of investment.

The investment comes from FlightCenter co-founder Jim Goldburg, former Tourism Australia boss Andrew McEvoy, and Phil Gunter, who previously headed Virgin Australia’s Velocity program.

Travello plans to use this investment to drive further growth and harness the demand for post-pandemic travel experiences from millennials.

According to the platform, it has 1.2 million users and is expanding the element of online travel agency for business.

Travello has acquired Backpacker Deals, Online Youth Market Specialist, late last year.

Travello co-founder and CEO Ryan Hanly says the company is already seeing significant demand from the youth market.

“Travello has a unique position in the market. Our ecosystem and media assets are a strong combination. Every month, we reach over 80 million people across our channels, and with this funding we are proactive. You can expand and capture the resurgence of travel over the next 18 months. “

According to Gunter, the company has what it needs to expand “quickly and globally.”

“With a large and enthusiastic community, an effective activity booking engine to add value to members and businesses, and an innovative rewards program that fuels the entire system, Travello has three components. . “

The company previously announced that it had raised approximately $ 3.7 million in 2018.

https://www.phocuswire.com/Travello-funding-3-5M-Series-A Travello Lands $ 5 Million Investment Rounds To Grow Travel Social Networks

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