Worth A Visit: 10 Early-Stage Travel Tech Startups To Watch

The early disruption of the travel industry by the internet and the reduction of intermediaries that followed led to significant savings for travelers.

While maximizing savings remains important for early-stage companies entering the travel tech space, an increasing number of startups are also introducing AI-powered solutions to improve the travel experience.

These new companies are also offering price optimization tools for traditional industry players as well as for the growing community of companies in the sharing economy, such as home-sharing unicorn Airbnb.

We used the CB Insights platform to surface 10 notable early-stage startups disrupting the travel tech industry. We selected these companies based on the recency and size of their disclosed funding, as well as their Mosaic score, CB Insights’ algorithm that uses financial and non-financial signals to predict private company health.

We noted several themes among the companies we selected, including:

• Automated rebooking to save travelers money
• Pricing optimization
• AI-powered assistants

Of the companies listed below, two are Series A startups and 8 are seed- or angel-stage companies. All have raised funding in 2017. They are listed in descending order of disclosed funding.

Early-stage travel tech startups to watch

As of 10/30/17. 

1. flyr

Headquarters: San Francisco, California

Disclosed Funding: $14.3M

Select Investors: Amadeus Ventures, AXA Strategic Ventures, JetBlue Technology Ventures, Plug and Play Ventures, Streamlined Ventures, Thiel Capital

FLYR creates price forecasts and leverages price predictions to create products that aim to maximize travel search revenue.

2. freebird

Headquarters: Cambridge, Massachusetts

Disclosed Funding: $8.5M

Select Investors: Accomplice, General Catalyst, Rough Draft Ventures, Slow Ventures

Freebird is a mobile rebooking tool that allows travelers to instantly book a new ticket — on any airline and at no additional cost — in the event of a flight cancellation, delay, or missed connection.

3. HostnFly

Headquarters: Paris, France

Disclosed Funding: $3.3M

Select Investors: Kerala Ventures, Kima Ventures, Partech Ventures

HostnFly is developing machine learning algorithms to optimize rental prices on platforms like Airbnb. The company allows users to rent out their apartments, guaranteeing revenue and overseeing logistics.

4. Perfect price

Headquarters: San Francisco, California

Disclosed Funding: $2.7M

Select Investors: Alchemist Accelerator

Perfect Price uses machine learning to manage revenue and pricing for companies in the car rental, hotel, travel, and retail industries on a SaaS model.

5. trvl

Headquarters: Amsterdam, Netherlands

Disclosed Funding: $2.7M

Select Investors: N/A

TRVL is a peer-to-peer booking platform that aims to turn travelers into travel agents. Users can earn a commission on every booking they make for other people, as well as earning money by recommending and sharing trips.

6. fairfly

Headquarters: Tel Aviv, Israel

Disclosed Funding: $2.1M

Select Investors: Blumberg Capital, Emery Capital, NFX

FairFly tracks price drops in airfare after a booking is complete and offers to rebook at the cheaper fare to help travelers save money.

7. dreamcheaper

Headquarters: Berlin, Germany

Disclosed Funding: $1.6M

Select Investors: Global Founders Capital, Holtzbrinck Ventures, TruVenturo

DreamCheaper is a rebooking platform that aims to help travelers save money on hotels. If DreamChaper’s algorithms locate a cheaper room that is the same room type at the same hotel where a traveler is booked, it cancels the user’s hotel booking and rebooks the cheaper option.

8. Destygo

Headquarters: Paris, France

Disclosed funding: $1.1M

Select Investors: AccorHotels, Partech Ventures, Pole Capital

Destygo is a platform that allows travel and hospitality companies to build an AI-powered assistant for their users.

9. samsara luggage

Headquarters: New York, New York

Disclosed Funding: $290k

Select Investors: Kickstarter

Samsara Luggage designs smart luggage, including a suitcase made from materials including aluminum, titanium, magnesium, and zinc. The suitcase includes features such as a connected mobile app, which sends an instant notification if the suitcase is moved away from its owner or is opened by someone else.

10. Voya

Headquarters: Hamburg, Germany

Disclosed Funding: N/A

Select Investors: 500 Startups, Global Founders Capital, Motu Ventures

Voya is an AI-powered personal travel agent aiming to simplify the booking process for business travelers. It offers services via smartphone, tablet, and computer.

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This report was created with data from CB Insights’ emerging technology insights platform, which offers clarity into emerging tech and new business strategies through tools like:

• Earnings Transcripts Search Engine & Analytics to get an information edge on competitors’ and incumbents’ strategies
• Patent Analytics to see where innovation is happening next
• Company Mosaic Scores to evaluate startup health, based on our National Science Foundation-backed algorithm
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• Market Sizing Tools to visualize market growth and spot the next big opportunity

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