The travel industry has gone through a massive boom in the past decade, thanks to technology! At present, the travel market is not only huge but also rife with opportunities for disruption and innovation. No wonder investors are pumping money into the travel-based startups.
The Spanish startup GuruWalk has recently secured €1M investment for its seed round. The funding was primarily from the mentors in the SeedRocket startup accelerator and led by the Harvard Alumni group, Ethos Angel Investment Fund. This round was also made possible by a €300,000 participatory loan from the Valencian Financial Institute.
GuruWalk cofounder, Juan Castillo, said:
Our company has a Series A Funding round pending that we expect to close before August of 2020.
The company is planning to use the funds to expand operations and its business reach. Furthermore, the startup is determined to establish itself in the Tourism Sector as the leading platform for pay-what-you-please walking tours. Before August 2020, the Valencia-based startup is planning to close another round, as well.
Pay-what-you-please walking tours
Founded in 2017 in Spain, GuruWalk is the first international community that offers pay-what-you-please walking tours, or free walking tours. This type of tour consists of guided visits of the most emblematic sites of a city and also includes themed visits or alternative tours.
Chance to showcase your passion for your city!
On the platform, travelers from all over the world have the chance to contact local guides for free. Likewise, any person with a passion for sharing his or her city has the opportunity to do so without having to be part of a professional association.
Established in 100 countries
Tourists pay only a tip to the guide at the end of the tour. The tip varies based on the participant’s satisfaction with the experience offered by the guide. In little more than two years, GuruWalk has established connections with local guides in almost 100 countries.
Main image credits: GuruWalk
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