# Turneo

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

- Industry: Semiconductors
- Headquarters: London, UK
- Website: www.turneo.com
- Total disclosed funding: $2.2M
- Latest round: Seed (Aug 14, 2024)
- Investors on record: 2

## About

Turneo Ltd. is a UK-based digital platform that enables hotel chains to manage and sell in-destination activities directly via their websites, enhancing guest experiences and maximizing revenue.Founded in 2022 in London, UK, Turneo Ltd. provides a platform for hotels to offer and manage on-site experiences. The founders, Andrew Ivanov, Fran Kauzlaric, and Matija Marijan, aimed to streamline the guest engagement process in the hospitality industry. The company has successfully completed two deals, the latest being a Seed funding round in August 2024 where they raised GBP 1.688 million led by Bessemer Venture Partners alongside Underline Ventures. Their total capital raised amounts to GBP 1.688 million with a current company valuation of GBP 8.990 million.Turneo Ltd. offers an all-in-one digital platform designed for hotel chains to manage and sell in-destination activities directly through their websites. This core product allows hotels to embed a booking engine, facilitating the management of both paid and free experiences while efficiently collecting guest details. Their services cater to various hospitality needs, such as wellness services, dining experiences, and recreational activities like museum visits and transportation transfers. Turneo currently supports over 200 hotels from premier hospitality groups, indicating a solid client base in the industry.Turneo's revenue model is centered on partnerships with hotels that utilize the platform to enhance guest interaction with curated experiences, thereby improving revenue per available room (RevPAR). The company provides a white-label solution enabling hotels to maintain branding while leveraging Turneo’s services. Key features of the platform include AI-driven guest profiling, automated content management, and performance analytics, which contribute to better guest satisfaction and increased daily spending. The platform's value proposition suggests significant returns on investment, such as an estimated 20x ROI on initial investments in Turneo's services.In August 2024, Turneo Ltd. raised GBP 1.68 million in Seed funding, primarily to expand its team, enhance its product offerings, and enter new markets. The company plans to roll out additional features and services to improve the platform, targeting expansion into new geographical regions to broaden its market reach. The funding will support these initiatives, allowing Turneo to strengthen its positioning within the hospitality sector and enhance service offerings.

## Funding rounds

- Seed, Aug 14, 2024, $2.2M — Bessemer Venture Partners, Underline Ventures

## Investors

- Bessemer Venture Partners (https://capitalatlas.ai/funds/bessemer-venture-partners) — Seed
- Underline Ventures (https://capitalatlas.ai/funds/underline-ventures) — Seed