Group Travel Planning Site Travefy Raises $320K Seed Round
If Travefy can find a niche at businesses that are too small for a corporate travel team and too big to go it alone, it may be an attractive purchase for a bigger player like Concur that wants to control business travel.
Travefy, which seeks to help people traveling in groups manage the booking and payment activities on their trips raised $320,000 from institutions and angels. The seed round was raised on the institutional side from Columbia University’s Lang Fund and Nebraska Global, while angels at Nelnet, Company X, Nebraska Angels, and Linseed Capital filled out the rest of the raise. Travefy has raised a smaller investment from Linseed Capital in addition to a grant from the Nebraska Innovation Fund in 2012.
Travefy used this fundraising announcement to formally announce it was in beta. It also highlighted the addition of an expense management tool that will help users split payments and easily pay one another for trip expenses. The payment details will be handled through a partnership with SlidePay.
Skift covered Travefy in SkiftSeedlings this past April, where its social voting capabilities were highlighted.
Travefy’s demo is below.