Vancouver’s Launchtrip has closed a seed investment round totalling $4.7 million led by Axis Capital and plans to launch its new app in beta this Spring 2021.
Calling itself the “world’s first Together-Travel startup”, Launchtrip has designed a platform that elevates the group travel experience, making the entire process of booking a trip seamless from end to end.
Using its intelligent platform, groups can find accommodations, book restaurants and split costs all within one simple to use app.
Launchtrip will offer over 200,000 hotels in seven launch cities around the United States to start and has brought on American Express’ Resy as its official restaurant booking partner.
In early 2020 Launchtrip had begun piloting an early stage version of the platform, generating just over $1 million in sales. When the pandemic hit, the company was forced to close pilots and identify a sustainable path forward.
“With every catalyst and problem, there comes growth. The pandemic gave us a podium that didn’t exist before,” says Founder and CEO Julian Ing. “Consumers want travel to come back just as badly as the hospitality space. With travel coming to a near halt, we took the opportunity to refine our product, build better strategies and bolster financing.”
In addition to the new funding, Launchtrip has brought on a seasoned board of advisors which include some of the industry’s top experts in the technology and travel spaces including Jane’s Taleeb Noormohamed and Yyoga’s Terry McBride.