# TravelMakers

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

- Industry: Internet
- Headquarters: Seoul, South Korea
- Website: www.livinginhotel.com
- Latest round: Seed (Jul 31, 2020)
- Investors on record: 2

## About

TravelMakers, headquartered in Seoul, South Korea, operates as a long-stay hotel platform, providing flexible accommodation solutions for guests looking for stays of six nights or longer across various price ranges and amenities.Founded in 2019 in Seoul, South Korea, TravelMakers specializes in long-stay hotel services. The company has secured KRW 1 billion in pre-Series A funding from investors including Magellan Technology Investment and Korea Credit Guarantee Fund. The CEO is Ivan Kiyaev, who has prior entrepreneurial experience. TravelMakers has completed two funding rounds and raised a total of KRW 1 billion by May 20, 2022.Living-In-Hotel operates as Korea's first long-stay hotel platform, catering to individuals seeking accommodation for six nights or longer, with options extending to several months. The company offers a diverse selection of accommodations, ranging from budget-friendly three-star hotels to luxurious five-star properties, enhancing the experience for guests with various benefits such as room upgrades, breakfast coupons, and access to hotel lounges. Living-In-Hotel enables customers to book stays with no deposit or maintenance fees, fostering trust and convenience for long-term guests. The service is designed to alleviate common concerns associated with extended stays, providing a pre-move-in hotel tour system to ensure customer satisfaction. The primary geographical market for their services includes South Korea, with offerings in major cities such as Seoul and Gyeonggi, as well as select locations in Vietnam.For the most recent year, TravelMakers reported a revenue of KRW 5,484,028.80 from its online booking platform for long-term hotel stays. This revenue is generated through direct bookings that allow clients to reserve accommodations without upfront deposits, with pricing structured to encourage longer stays that offer discounts and benefits.Following its recent funding round in May 2022, TravelMakers plans to expand its business-to-business (B2B) services and launch a one-month live-in overseas service. This strategic growth initiative aims to increase their market presence and enhance service offerings, leveraging the KRW 1 billion raised to support these developments.

## Funding rounds

- Seed, Jul 31, 2020 — The Invention Lab, CNT Tech

## Investors

- The Invention Lab (https://capitalatlas.ai/funds/the-invention-lab) — Seed
- CNT Tech (https://capitalatlas.ai/funds/cnt-tech) — Seed