TrovaTrip, a group travel management platform and marketplace, raises $15 million • TechCrunch

FindTrip, a travel planning and booking platform that allows creators to organize adventures with their communities, 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 experiences around the world. TrovaTrip offers over 150 experiences in 48 countries. To date, over 15,000 travelers have used TrovaTrip to book an experience.

The platform includes bookable experiences like hiking in Patagonia, sourcing textiles in Morocco, practicing yoga in Bali and more. Hosts, who are the name of the creators on the platform, set their price for a specific experience they will lead. TrovaTrip then provides a landing page for hosts to post and promote their trip and then start accepting bookings. Hosts can also set up an email marketing campaign, in addition to promoting their bookable experience on their social media channels.

TrovaTrip handles payment processing, customer support, and traveler management, and covers the host with free insurance during the trip. The company charges a 10% service fee and a 2.9% transaction fee.

All trips are organized and managed by a certified tour operator and include a local guide to ensure a safe experience. Trips include accommodation, transportation between cities, meals indicated and guided activities related to the theme of the trip. Examples of travel categories and themes include photography, exploration, health and wellness, food, LGBTQ+, yoga and more.

The platform was founded by Nick Poggi, CEO of TrovaTrip, CRO Lauren Schneider and CTO Brandon Denham. The idea for TrovaTrip began when Poggi, Schneider and a few of their friends were planning a two-week vacation trip to Europe but couldn’t find any group travel options for young professionals, said Poggi to TechCrunch in an interview. While they were on the trip, they started coming up with a plan to build the solution they wanted to see exist. Poggi then brought Denham on board, after which the trio came up with the idea of ​​creating a platform that lets you not just travel, but travel while learning something you’re passionate about with someone you admire.

An image of the co-founders of TrovaTrip

Picture credits: FindTrip

“Rather than selling these experiences directly to customers, we thought we’d create a platform that made it easy for creators to deliver and host experiences with their communities,” Poggi said. “It would create a genuine and reputable revenue stream for creators, while supporting them in their quest to grow their community. The concept worked and led to a pretty amazing experience. Our first trip was to Italy, then the two following were in Portugal.

The company’s Series A funding round included participation from existing investors PSL Ventures, Oregon Venture Fund, Elevate Capital and Portland Seed Fund. TrovaTrip will use the new funding to advance its platform and open access to more creators, Poggi said.

“We are very focused on continuing to improve our platform to deliver a world-class experience for our hosts, travelers and operators,” Poggi said. “We will be increasing our sales and marketing efforts to open up the platform to more creators and their communities. We have only scratched the surface with the different categories and themes we could potentially work with. We are very excited to open up the platform a bit more on the host side, and then we will continue to work to expand our selection of routes across destinations.

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

Looking to the future, TrovaTrip plans to continue to develop its platform to make it a reputable source of income for creators. The company notes that it is already becoming the main source of income for some creators. TrovaTrip also plans to continue making travel safer and to keep the bar high for quality group travel.

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