Trekksoft raises $1.1 million, claims tours and activities not ready for disruption | PhocusWire
Summary
The latest round brings the total invested in the company to $2.8 million over the course of the past 18 months. Participating in the round are Redalpine Capital, an innovation fund from Schwyzer Kantonalbank, and a group of independent investors including Armin Meier (ex-CEO of Kuoni), Walter Güntensperger (CEO of Active Travel and former CEO of Hotelplan Switzerland). CEO Jon Fauver says the main focus for the company during the coming year will be to convince product suppliers to take advantage of a "modern, web-based system to manage and sell their activities". Although no specific figures are available, Trekksoft says at the end of 2014 it had a low double-digit million metric in transaction volumes and an increase in net income of 100% compared to the previous year. Fauver says the success of the tours and activities sector will only come about when both sides of the distribution problem - including consumer-facing from the likes of Viator and GetYourGuide - are "solved".
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