# Traveazy DMCC

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/traveazy-dmcc

- Industry: Internet
- Headquarters: Dubai, United Arab Emirates
- Website: www.traveazy.com
- Total disclosed funding: $48M
- Latest round: Series A (Dec 17, 2020)
- Investors on record: 10

## About

Traveazy DMCC, based in the United Arab Emirates, specializes in providing a comprehensive travel booking platform for flights, hotels, and travel packages, enhancing convenience for travelers across various markets.Founded in 2013, Traveazy DMCC operates primarily in the travel sector, offering streamlined booking services. The company is headquartered in Dubai, United Arab Emirates. Its current leadership includes CEO Geet Bhalla. To date, Traveazy has successfully executed 9 deals, with the most recent occurring on October 3, 2023, in which it raised USD 7.00 mn in funding from Certares Management and Global Ventures, marking the total amount raised to USD 7.00 mn.Traveazy operates within the travel industry, offering services that facilitate the booking of flights, hotels, and travel packages. Their main product is a comprehensive travel booking platform that allows users to search, compare, and book travel accommodations seamlessly. This platform addresses the complexities of travel planning by providing an array of options tailored to individual preferences for both leisure and business travel. The service targets consumers seeking convenience and competitive pricing, serving a diverse customer base across Europe, Asia, and North America, including individual travelers, families, and corporate clients requiring efficient travel solutions.Traveazy's revenue generation model is predicated on a commission-based structure, earning fees for each successful booking made through its platform. Transactions generally involve direct-to-consumer sales, with customers purchasing travel-related services via the website. This model enables partnerships with airlines, hotels, and service providers, streamlining the process for end-users. While specific pricing plans are not disclosed, the company's revenue is driven by one-time fees from individual transactions and potential subscriptions for premium services or loyalty programs. The flagship offering includes customizable travel packages, which form a core component of Traveazy's business strategy to enhance customer satisfaction and retention.In October 2023, Traveazy DMCC raised USD 7.00 mn in venture funding, co-led by Certares Management and returning investor Global Ventures. The company plans to utilize this funding to support business expansion and enter new markets, continuing its growth trajectory while enhancing service offerings.

## Funding rounds

- Series A, Dec 17, 2020, $5.6M — Accel, Gobi Partners, Algebra Ventures, Global Ventures, Ion Pacific, Growbiz Inc.
- Series A, Sep 3, 2019, $7.9M — Gobi Partners, Intres Capital Partners
- Series A, Mar 14, 2019, $11M — Accel, Gobi Partners, Algebra Ventures, B&Y Venture Partners, Global Ventures
- Series C, Nov 21, 2018, $16M — Accel, Gobi Partners, Algebra Ventures, B&Y Venture Partners, Global Ventures
- Series A, Oct 11, 2016, $7M — Accel, Al Sanie Group, F&C Overseas Investment

## Investors

- Accel (https://capitalatlas.ai/funds/accel) — Series A, Series C
- Al Sanie Group — Series A
- F&C Overseas Investment — Series A
- Gobi Partners (https://capitalatlas.ai/funds/gobi-partners) — Series C, Series A
- Algebra Ventures (https://capitalatlas.ai/funds/algebra-ventures) — Series C, Series A
- B&Y Venture Partners (https://capitalatlas.ai/funds/b-y-venture-partners) — Series C, Series A
- Global Ventures (https://capitalatlas.ai/funds/global-ventures) — Series C, Series A
- Intres Capital Partners (https://capitalatlas.ai/funds/intres-capital-partners) — Series A
- Ion Pacific (https://capitalatlas.ai/funds/ion-pacific) — Series A
- Growbiz Inc. — Series A