# Elves

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/elves

- Industry: Consumer Services
- Headquarters: Los Angeles, US
- Website: www.elvesapp.com
- Total disclosed funding: $2M
- Latest round: Seed (Dec 1, 2017)
- Investors on record: 3

## About

Elves Inc. operates a digital travel concierge service that connects users with local travel experts, offering personalized itineraries and 24/7 support to enhance travel experiences in various destinations worldwide.Founded in 2016, Elves Inc. is headquartered in Los Angeles, US. The company provides a travel concierge platform that connects users with local experts. Karim Elsahy is the founder, and Kento Uchida serves as the CEO. In July 2020, Elves Inc. raised approximately USD 2 million in pre-Series A funding led by Sawari Ventures, marking a significant milestone in their funding journey. The company has completed a total of 3 deals since its inception.Elves App offers a comprehensive travel concierge service designed to enhance the user experience while traveling. Its primary offerings include access to local travel experts available 24/7, customized itineraries tailored to individual preferences, and a safe community facilitated by partnerships with licensed tour companies. Users can benefit from local insights and travel tips that better prepare them for their trips. The company's services extend to popular travel destinations worldwide, targeting a diverse client base that includes leisure travelers, business professionals, and individuals seeking unique local experiences. The Elves App has garnered a reputation for its responsive support and personalized assistance, positioning itself as a valuable resource for travelers navigating unfamiliar territories.The revenue model for Elves App is built around providing personalized travel services to clients, generating income through service fees associated with customized travel arrangements and expert consultations. Transactions typically occur on a direct-to-consumer basis, where users engage with the app to plan and book various aspects of their travel, ranging from excursions to accommodations. While specific pricing plans for individual services have not been disclosed, the service is marketed as free to use, indicating that revenue may primarily stem from partnerships with tour companies and other service providers. This model allows Elves App to maintain a user-friendly platform while supporting a wide array of travel needs, thus fostering a sustainable business ecosystem.In July 2020, Elves Inc. raised approximately USD 2 million in pre-Series A funding led by Sawari Ventures, aimed at enhancing its travel services and expanding its market presence. The company plans to launch new features in the Elves App to improve user engagement and streamline travel planning. Furthermore, Elves Inc. aims to expand its operations into new markets across Europe and Asia by 2023, leveraging recent funding to support these growth initiatives.

## Funding rounds

- Seed, Dec 1, 2017, $2M — Emaar Properties PJSC, Dubai Angel Investors, Kauffman Fellows

## Investors

- Emaar Properties PJSC — Seed
- Dubai Angel Investors (https://capitalatlas.ai/funds/dubai-angel-investors) — Seed
- Kauffman Fellows (https://capitalatlas.ai/funds/kauffman-fellows) — Seed