TrekkSoft Raises $800K To Help Tour Providers Promote, Manage And Sell Their Tours
Summary
Founded in 2010 and fully launched in 2012, TrekkSoft targets Tour & Activity suppliers — which it notes is the largest segment in the travel industry after flights and hotels, and worth over $90 billion per year — with a SaaS solution to help them manage their prices, capacity and sales channels from one platform. Instead, the startup is attacking the B2B end of the market by giving tour suppliers a solution that ensures their live inventory is directly bookable on their own website/app, and accessible to re-sellers and marketplaces. More broadly, TrekkSoft is talking up the market opportunity as a whole, claiming that less than 15% of tour companies have an online sales presence and even fewer have a mobile solution. It will use the fresh injection of capital to expand its booking solution to new destinations and onboard new accounts quicker, as well as further develop its technology both on desktop and mobile. It also plans on staffing up its Sales & Marketing office in New York, which it opened just over a year ago, to “focus on high volume destinations for U.S. and European consumers such as the Caribbean, Mexico and South Florida”.
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