WeTravel, a payment technology platform for travel companies, has mobilized $2 million from Berkeley-based The House Fund, Brett Wilson, the former CEO of TubeMogul, and other investors.
WeTravel will use the funds to build out the platform, expand internationally and scale up the technology team.
WeTravel technology allows travel companies and organizers to create booking pages for clients, accept payments efficiently and manage promotion, communication and financials in one place.
WeTravel came out of UC Berkeley’s SkyDeck accelerator. Co-founders of WeTravel are Garib Mehdiyev, Johannes Koeppel and Zaky Prabowo. The co-founders are immigrants from Azerbaijan, Indonesia and Switzerland.
WeTravel technology allows travel companies to create booking pages for clients, accept payments efficiently and manage promotion, communication and financials in one place.
WeTravel has a user base among students and yoga teachers that use the tech platform for spring break trips and wellness retreats. WeTravel has achieved the most significant growth in B2B space.
WeTravel CEO Johannes Koeppel said: “WeTravel is a natural fit for SMB travel companies. They often lack efficient, cost-effective online payment systems, especially when they offer multi-day custom itineraries or group trips.”
WeTravel transacted more than $15 million in 2017 and has opened its European subsidiary to start international expansion.
Other investors in WeTravel’s seed round include 500 startups, Amino Capital and various angels. The company received early support from First Round Capital’s Dorm Room Fund and Foundation Capital’s Berkeley Founder Program.
