# Troop Travel

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

- Industry: Internet
- Headquarters: Madrid, Spain
- Website: www.trooptravel.com
- Total disclosed funding: $19M
- Latest round: Series B (Mar 30, 2023)
- Investors on record: 8

## About

Troop Travel, Inc. specializes in providing a streamlined platform for meeting planning and group travel logistics, enabling businesses to efficiently manage in-person meetings across various locations.Founded in 2017, Troop Travel, Inc. is based in Madrid, Spain. The company offers a platform designed to simplify meeting planning and logistics for corporate teams and event planners. The founding team includes Dennis Vilovic, Leonard Cremer, and Rachel Segal. Troop Travel has completed a total of 4 deals, with its most recent funding round, a Series B, raising EUR 10.000 mn on March 30, 2023, from investors including Acurio Ventures and Madrona Venture Group. The total amount raised by the company to date is EUR 10.000 mn.Troop offers a comprehensive meeting planning and group travel logistics platform designed to streamline the complexities of organizing in-person meetings. The core product enables users to choose optimal meeting locations, manage attendee logistics, and monitor budgets, all within a single interface. Troop primarily serves businesses, including corporate teams and event planners, enabling them to efficiently coordinate offsites, executive retreats, and other small meetings while adhering to budgetary and policy constraints. The platform is tailored to facilitate both regional and international meeting arrangements, allowing users to compare options based on various data points including cost and environmental impact. Troop is accessible in multiple geographical markets, including North America, Europe, and parts of Asia, catering to organizations looking to enhance their meeting efficiency and effectiveness across these regions.Troop generates revenue through a subscription-based model that allows clients to access its suite of meeting planning tools and features. In 2020, the company reported revenue of EUR 268,697.40, with an EBITDA of EUR 102,220.80. Clients engage with the platform via annual or monthly subscription plans that provide varying levels of access to functionalities such as attendee management and budget tracking. The transaction structure is predominantly B2B, with organizations subscribing to the service to streamline their meeting logistics and enhance operational efficiency.In March 2023, Troop Travel raised EUR 10.000 mn in a Series B funding round, which will be allocated to expanding technology teams and improving customer service. The company is planning to launch new features to enhance its platform's capabilities in the near future. Additionally, Troop aims to expand its services into new markets, specifically targeting regions in Asia and Europe by the end of 2024, thus broadening its global footprint and enhancing its offerings.

## Funding rounds

- Series B, Mar 30, 2023, $11M — Buenavista Equity Partners, Madrona Venture Group, Acurio Ventures, Durable Capital Partners
- Series A, Sep 30, 2021, $8M — EPIC Ventures, Buenavista Equity Partners, Madrona Venture Group, Plug and Play, Founders Factory, Acurio Ventures, Traveltech

## Investors

- EPIC Ventures (https://capitalatlas.ai/funds/epic-ventures) — Series A
- Buenavista Equity Partners (https://capitalatlas.ai/funds/buenavista-equity-partners) — Series A, Series B
- Madrona Venture Group (https://capitalatlas.ai/funds/madrona-venture-group) — Series A, Series B
- Plug and Play (https://capitalatlas.ai/funds/plug-and-play) — Series A
- Founders Factory (https://capitalatlas.ai/funds/founders-factory) — Series A
- Acurio Ventures (https://capitalatlas.ai/funds/acurio-ventures) — Series A, Series B
- Traveltech (https://capitalatlas.ai/funds/traveltech) — Series A
- Durable Capital Partners — Series B