# Travello

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

- Industry: Internet
- Headquarters: Brisbane, Australia
- Website: www.travelloapp.com
- Total disclosed funding: $7.2M
- Latest round: Series B (Dec 31, 2022)
- Investors on record: 4

## About

Founded in 2014 and based in Queensland, Australia, Travello operates as a social networking mobile application that allows users to connect with like-minded travellers. The company also enables travellers to book experiences and tours via its online platform. The company's headquarters is located in Sydney, Australia, with additional offices in major cities across Europe, Asia, and North America. The company has established strategic partnerships with various travel service providers, tourism boards, and industry organizations since its inception.  Travello Experiences operates in over 50 countries, with a network of offices and development centers. In December 2022, Travello raised AUD 10.46 million in series B funding led by new investor QIC, with participation from another new investor Paspalis Innovation Investment Fund, Prenzler Group Pty Ltd, Qic Investments No. 3 Pty Ltd, Friday Investments Pty Limited and other investors.

The core of Travello Experiences' offering is its mobile application, which provides users with a one-stop-shop for all the travel-related needs. The app features a range of personalized trip-planning tools, real-time destination information, booking capabilities, and a vibrant community of fellow travelers. Travello Experiences also develops custom software solutions for travel businesses, enabling them to enhance their digital offerings and improve the overall customer experience.

Travello Experiences generates revenue through a diverse range of sources, including subscription fees, commission-based bookings, and enterprise-level software licensing agreements.

The company will use the funding in 2022 to scope out new acquisitions, and expand into new regions and categories, like outbound multi-day tours.

## Funding rounds

- Series B, Dec 31, 2022, $7.2M — QIC, Paspalis Capital, Friday Investments Pty Limited, Prenzler Group

## Investors

- QIC (https://capitalatlas.ai/funds/qic) — Series B
- Paspalis Capital (https://capitalatlas.ai/funds/paspalis-capital) — Series B
- Friday Investments Pty Limited — Series B
- Prenzler Group (https://capitalatlas.ai/funds/prenzler-group) — Series B