Leavy.co, the innovative travel community and marketplace, has raised $14 million (approx €12.7 million) in seed funding and launched its lifestyle app, designed to help millennial locals travel for less. Dutch investor Prime Ventures has led what is considered the largest ever seed funding round in travel tech worldwide, with participation from angel investor Dominique Vidal, partner at Index Ventures, who has worked with some of the US and Europe’s biggest consumer internet companies.
With the majority of their income spent on metropolitan rents, combined with a lifestyle largely influenced by social media, 18 to 34-year-olds are making new mobility-related choices. These tech-savvy, young adults prefer experiences over things, travel several times a year to visit friends and family, and sometimes choose to reside in more than one city. While benefiting from the latest advances of the sharing economy, their lack of financial security – student loans and credit card debts – prevents them from accessing affordable apartments, flights, and experiences.