Headout Raises $10 Million for Activities Tech: Travel Startup Funding This Week
Sean O'Neill
July 13th, 2018 at 1:30 AM EDT
Skift Take
Investors have bet big on luxury experiences, with investments in Headout, which offers last-minute activities; Key Concierge, which does something similar for luxury rental properties; My Daydream, which offers customized upscale tours; and Seatfrog, which offers last-minute upgrades.
The total funding publicized this week was more than $47 million.
>>Headout, a mobile app that lets consumers book last-minute activities in 15 major cities, has raised $10 million in Series A financing.
Nexus Venture Partners and Version One Ventures led the investment in the New York City-based startup, which claims to be profitable and to have raised $12 million to date.
Varun Khona, Headout Co-founder and CE0, said his business is profitable.
Headout, which was founded at the start of 2015, said that the majority of its reservations for in-destination activities have been for the same day . Until now, it has sold other tour operators' products, but this year it has been testing offers of experiences under its brand name.
Headout sells its content in many ways, such as via the Google Trips mobile app and through partnerships with demand aggregators like Wall Street Journal and Handy, the in-room hotel services app for hotels from Tink Labs. The 50-employee startup has offices in New York City, London, Dubai, Bangalore, and Berlin.
For context on this sector, see Skift Research's new report "U.S. Traveler In-Dest
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