# TrovaTrip

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

- Industry: Travel & Leisure
- Headquarters: Portland, US
- Website: www.trovatrip.com
- Total disclosed funding: $15M
- Latest round: Series A (Jul 27, 2022)
- Investors on record: 5

## About

TrovaTrip, Inc. is a US-based company that facilitates curated group travel experiences through its platform connecting content creators, community leaders, and business owners with travelers seeking unique adventures.TrovaTrip, Inc. specializes in group travel experiences, launched in 2017 in Portland, US. The company was co-founded by Lauren Schneider and Nick Poggi, who also serves as CEO. TrovaTrip has successfully secured USD 15.00 mn in Series A funding in July 2022, led by Madrona Venture Group, bringing its total raised to USD 15.00 mn with a current valuation of USD 118.31 mn.TrovaTrip offers a comprehensive platform for group travel experiences led by content creators, community leaders, and business owners. The service connects Hosts with travelers to curate trips that include accommodations, local guides, and tailored activities in popular destinations such as Bali, Costa Rica, Iceland, and Japan. Collaborating with local Trip Operators, TrovaTrip emphasizes safety and sustainability while fostering community connections through shared travel experiences.TrovaTrip generates revenue by organizing group trips where Hosts promote their offerings to travelers. The trip revenue is shared with Hosts, who receive compensation exceeding 20% of the total revenue. This model allows for direct engagement between travelers and trusted Hosts, facilitating a sustainable partnership without costs incurred by the Hosts themselves.TrovaTrip plans to utilize its recent USD 15.00 mn Series A funding, raised in July 2022, to enhance its service offerings and increase engagement with content creators. The company aims to expand its reach into new markets, targeting additional geographic regions for its curated travel experiences. Specific new products are currently being developed to diversify offerings, although release dates have not been disclosed.

## Funding rounds

- Series A, Jul 27, 2022, $15M — Madrona Venture Group, Oregon Venture Fund, Portland Seed Fund, Elevate Capital, Pioneer Square Labs

## Investors

- Madrona Venture Group (https://capitalatlas.ai/funds/madrona-venture-group) — Series A
- Oregon Venture Fund (https://capitalatlas.ai/funds/oregon-venture-fund) — Series A
- Portland Seed Fund (https://capitalatlas.ai/funds/portland-seed-fund) — Series A
- Elevate Capital (https://capitalatlas.ai/funds/elevate-capital) — Series A
- Pioneer Square Labs (https://capitalatlas.ai/funds/pioneer-square-labs) — Series A