TrovaTrip, platform and marketplace for group travel management, raises $15M • CableFree TV

Published by
Peter Kavinsky

TrovaTrip, a travel planning and booking platform that allows creators to organize adventures with their communities, has raised $15 million in Series A funding led by Madrona. Founded in 2017, the Portland-based company makes it easy for creators to sell and host multi-day projects around the world. TrovaTrip offers over 150 experiences in 48 countries. To date, over 15,000 travelers have used TrovaTrip to book experiences.

The platform includes bookable activities such as hiking in Patagonia, finding textiles in Morocco, yoga classes in Bali, and more. Hosts, as the creators on the platform are called, set their price for the specific experience they will host. TrovaTrip then provides hosts with a landing page to post and promote their trip and then starts taking bookings. Hosts can also set up an email marketing campaign in addition to promoting their booked experience on their social media channels.

TrovaTrip handles payment processing, customer support, travel management, and provides the host with free travel insurance. The company charges a 10% service fee and a 2.9% transaction fee of 2.9%.

All trips are organized and run by a certified tour operator and include a local guide for safety. The trips include accommodation, inter-city transportation, food lists, and guided activities that match the theme of the trip. Example travel categories and themes include photography, exploration, health and wellness, food, LGBTQ+, yoga, and more.

The platform was founded by TrovaTrip CEO Nick Poggi, CRO Lauren Schneider and CTO Branden Denham. The idea for TrovaTrip came about when Poggi, Schneider and a few friends were planning a two-week vacation trip to Europe but couldn’t find group travel options for young professionals, Poggi told TechCrunch. While they were on the road, they began to map out a plan for creating the solution they would like to have. Poggi then brought in Denham, after which the trio came up with the idea to create a platform that allows you to not only travel, but travel while discovering what you’re passionate about with someone you look up to.

Image credits: TrovaTrip

“Instead of selling this experience directly to customers, we thought let’s build a platform that makes it easy for creators to offer and share experiences in their communities,” Poggi said. “This will create a genuine and reputable source of income for creators, as well as support them in their quest to build their own community. The concept worked and resulted in a pretty incredible experience. Our first trip was to Italy and then the next two were to Portugal.”

The company’s Series A funding round included existing investors, PSL Ventures, Oregon Venture Fund, Elevate Capital and Portland Seed Fund. Poggy says TrovaTrip will use the new funding to further develop its platform and open up access to more creators.

“We are very focused on further improving our platform to provide our hosts, travelers and operators with a world-class experience,” Poggi said. “We will ramp up our sales and marketing efforts to open up the platform to more creators and their communities. We have only scratched the surface of the various categories and topics that we could potentially work with. We are very excited about the opportunity to open up the platform a bit more on the host side. And then we will continue to work on expanding our choice of routes by destinations.”

TrovaTrip’s Series A funding round follows the company’s $5 million seed funding announced in August 2021, led by PSL Ventures. To date, the company has raised $20 million in funding.

As for the future, TrovaTrip plans to continue to develop its platform to become a reliable source of income for creators. The company notes that this is already becoming a major source of income for some creators. TrovaTrip also plans to continue to make travel safer and keep the bar high for group travel.

Peter Kavinsky

Peter Kavinsky is the Executive Editor at cablefreetv.org

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