# itravel

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

- Industry: Internet
- Headquarters: Cologne, Germany
- Website: www.itravel.de
- Total disclosed funding: $5.5M
- Latest round: Series A (Dec 29, 2016)
- Investors on record: 4

## About

itravel GmbH is a travel company specializing in sustainable travel solutions, offering tailored experiences that prioritize environmental protection and cultural immersion for travelers.itravel GmbH, founded in 2004 in Cologne, Germany, focuses on delivering unique travel experiences. The company raised EUR 0.5 million in funding on May 3, 2017, from Expon Capital and other unspecified investors, totaling EUR 0.5 million raised to date. Axel Schmiegelow serves as both the CEO and the founder, steering the company towards a sustainable travel model.itravel specializes in sustainable travel solutions, offering tailored travel experiences, adventure tourism, cultural excursions, and eco-friendly accommodations. The company partners with various organizations to ensure its travel packages prioritize environmental protection and social responsibility, catering to families, couples, and solo travelers, primarily targeting markets in Europe, Asia, and Africa.In 2019, itravel generated revenue of EUR 5,318,100.50, while reporting EBITDA of EUR -1,389,762.20 for the same year. Their revenue model includes direct-to-consumer and business-to-business transactions, focusing on customized travel packages that meet specific traveler needs.With the recent funding of EUR 0.5 million raised in May 2017, itravel plans to enhance its product offerings by designing new sustainable travel experiences. The company aims to expand into new markets, particularly in Asia and Africa, by 2025, leveraging this investment to support its growth initiatives.

## Funding rounds

- Series A, Dec 29, 2016, $3.8M — TA Ventures, Expon Capital, BA4V Fondsmanagement
- Angel, Dec 2, 2014, $1.7M — Atlantic Labs

## Investors

- Atlantic Labs (https://capitalatlas.ai/funds/atlantic-labs) — Angel
- TA Ventures (https://capitalatlas.ai/funds/ta-ventures) — Series A
- Expon Capital (https://capitalatlas.ai/funds/expon-capital) — Series A
- BA4V Fondsmanagement (https://capitalatlas.ai/funds/ba4v-fondsmanagement) — Series A