# Travel Services

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/travel-services

- Industry: Software
- Headquarters: Sofia, Bulgaria
- Website: www.safeconnect.pl
- Total disclosed funding: $0.1M
- Latest round: Seed (Nov 1, 2021)
- Investors on record: 2

## About

Travel Services Ltd. is a Bulgaria-based company focused on providing advanced cybersecurity solutions to protect sensitive data and secure networks for businesses across various sectors.Founded in 2017 by Peter Panayotov and headquartered in Sofia, Bulgaria, Travel Services Ltd. specializes in cybersecurity. The company has completed a total of 3 deals, with its most recent funding round being a Seed round of USD 0.070 mn raised in November 2021 from investors including StartersHub XO. The firm has not undergone any significant pivots in business strategy or operations since its inception.Travel Services Ltd. offers a comprehensive suite of cybersecurity solutions tailored to protect networks and sensitive data. Their main product is a secure access platform that integrates with existing infrastructures, enabling secure connections for users and applications. They cater primarily to industries such as finance, healthcare, and education, serving a wide range of clients from small enterprises to large corporations in Europe and North America.In the most recent fiscal year of 2022, Travel Services Ltd. generated a revenue of USD 66,803.90 and reported an EBITDA of USD 74,885. Their revenue model is based on subscription services and direct sales partnerships, emphasizing long-term contracts and scalable security solutions for their B2B clients.Travel Services Ltd. aims to expand its product offerings and market reach in the coming years. The company is currently designing new cybersecurity products, with plans for release in the near future. Additionally, they are looking to enter new markets in Asia and South America by 2024. The recent Seed funding round of USD 0.070 mn will be utilized to support these product developments and market expansion initiatives.

## Funding rounds

- Seed, Nov 1, 2021 — Seeders Venture Capital
- Seed, May 1, 2017, $0.1M — StartersHub XO

## Investors

- StartersHub XO (https://capitalatlas.ai/funds/startershub-xo) — Seed
- Seeders Venture Capital (https://capitalatlas.ai/funds/seeders-venture-capital) — Seed