TripAdmit, a Dublin-based travel tech start-up that provides sales and distribution solutions for tours and activities, has secured €500,000 in seed funding today (05.11.2020) with capital from both international and Irish investors, which includes the backing of Enterprise Ireland’s High Potential Start-Up Unit (HPSU).
The funding will be used for product enhancement, marketing, help tour and activity businesses look appealing to local tourists and to prepare them for the return of international tourists with a robust digital offering.
What TripAdmit has to say
John Maguire, CEO, TripAdmit said, “TripAdmit is the solution for tours and activity providers and distributors who want to sell online, in a market worth in excess of €150 Bn. Our cutting- edge technology connects tour operators with tourists who have become accustomed to planning and securing their travel needs online. These are exciting times for TripAdmit, we are thrilled to receive the backing of Enterprise Ireland who recognises the high potential of our business. Securing such a significant amount of investment in the middle of a pandemic has been challenging, but the response from our investors has been amazing. This announcement is a testament to the team here who have developed our powerful booking software and the potential of this business when tours and activities re-open around the world.”
What Enterprise Ireland has to say
Niall McEvoy, HPSU ICT Department Manager, Enterprise Ireland commented, “Enterprise Ireland are delighted to support TripAdmit as the company commences its scaling journey in Ireland and internationally. Although Covid-19 has had a significant impact on the Travel Tech sector, TripAdmit has developed a strong solution that facilitates traditional tours & activity operators to transition their booking and reservations to a digital offering. During 2020, the company made excellent progress against key milestones and having now successfully raised this seed round, it will facilitate accelerated technical and commercial roll out in 2021.”
About TripAdmit
TripAdmit platform provides end-to-end, online sales and distribution solutions for tour and activity providers, including live availability for top attractions around the globe. It provides options for 50,000 experiences in more than 100 countries. The company was co-founded by CEO John Maguire and CTO Andrew Kelly in 2018 and has its headquarters in Dublin, Ireland.
Its cutting-edge technology connects activity providers with travellers and distribution partners, including airlines, online travel agents, hotels, campsites, etc. The startup provides a flexible, powerful booking software and AI technology for the client’s personalised segmentation and maximises revenue opportunities through increased sales of tours and activities online.
About Enterprise Ireland
Enterprise Ireland is the Government organisation responsible for the development and growth of Irish enterprises worldwide. It works in partnership with Irish enterprises to help them start, grow, innovate and gain export sales internationally. Through this, the organisation supports sustainable economic growth, regional development and secure employment in Ireland.
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