Turneo Raises €2m Seed Funding led by Bessemer Venture Partners to extra amplify its modern hospitality abilities
Turneo, a leading hotfoot tech delivery-up centered on experiential hospitality, on the present time introduced the winning closing of a €2m seed funding round led by Bessemer Venture Partners, with participation from Underline Ventures.
The funding will bustle Turneo’s mission to revolutionise hospitality by enabling the realm’s leading hotels to provide amazing in-shuttle yell activities to their guests. As correctly as to rising the team, the funding will enable expansion into new markets and worrying product enhancements.
Based in 2022, Turneo permits hotels to govern their complete activities offering in one yell. It permits resort guests to browse and e book in-shuttle yell activities and transfers on the resort web assign or app. At the equal time, it offers hotels with a single platform the assign apart the total offering of in-house and partner activities is managed. This involves organising and publishing new activities, partnering with native suppliers, as correctly as reviewing activities knowledge, insights and opinions from their guests.
Travellers opinion and e book activities earlier than arriving at their shuttle yell. With Turneo, hotels can sooner or later showcase their destinations and arrange the process offering to their guests. This variety happier guests, with extra earnings and no more operational bother for hotels. Fran Kauzlaric, co-founder of Turneo
Recordsdata they’re seeing from the 2024 Europe summer season is unprecedented: guests who booked activities gave hotels on life like 8% greater ratings on overview sites, and over two-thirds of guests who booked activities at hotels utilizing the platform did so online. Contemporary years possess viewed indispensable enhance in the experiences and resort activities market which is projected to reach $463bn by 2030. Turneo predicts $172bn will waft by hotels.
We are extremely gratified to possess the toughen of such amazing traders as Bessemer Venture Partners and Underline Ventures. This funding validates the wide opportunity as correctly as our imaginative and prescient, and it permits us to scale our operations, toughen our abilities, and originate serious partnerships in yell that we can empower extra hotels to carry amazing activities to their guests. Matija Marijan, CEO and co-founder of Turneo
Bessemer Venture Partners, a world chief in early-stage project capital, recognised Turneo’s capacity to disrupt the hotfoot replace, following earlier investments in the likes of Shopify and Toast, as correctly as family names such as LinkedIn, Pinterest and Skype. Beyond factual capital, their funding locations Turneo on the forefront of the hospitality replace’s transformation, with the fund’s skill to leverage its abilities to knowledge the firm in opposition to changing into the replace chief.
Historically, rooms were the principle earnings driver for hotels. However, traveller preferences possess changed dramatically over the last few years, and fully promoting rooms isn’t ample. Turneo is taking half in beautiful into this market shift by building a platform for hotels to seamlessly obtain, arrange and monetise rich experiences for guests – whether or no longer it’s spa remedies or in-shuttle yell tours. Aditya Nidmarti, investor at Bessemer Venture Partners and newly appointed Board Director at Turneo
Turneo is uniquely positioned to remodel how folks abilities hotfoot and the draw in which hotels elevate destinations they operate in. The firm’s point of curiosity on shuttle yell administration and the role hospitality companies possess in it’s precisely what the replace desires. We gape Turneo’s capacity to revolutionise in-shuttle yell experiences.” The VC fund, known for its pivotal role in Shopify’s enhance, sees Turneo because the following significant disruptor in the hospitality tech yell, positioning the firm to handbook the vertical tool revolution in experiential hotfoot. Alex Ferrara, Companion at Bessemer Venture Partners, who beforehand led Shopify’s Sequence A round in 2010
With this new capital injection, Turneo plans to amplify its product offerings, develop its world particular person sinful, and place strategic partnerships with visionary world hoteliers. The firm, which became beforehand is known as surely one of many Scorching 25 Glide Originate up-U.s.for 2024 by PhocusWire, will additionally put money into extra organising its AI-pushed platform to provide distinguished extra customized and atmosphere friendly hotfoot experiences by hotels.
About Turneo
Turneo is the realm’s leading hospitality platform that enables modern hotels and accommodations to provide amazing in-shuttle yell experiences to their guests. It became essentially based in 2022 by Matija Marijan, beforehand Senior Director of Approach at Expedia, and Fran Kauzlaric, beforehand Innovation Lead at Brussels Airport.
