TrekkSoft snags $800K

TrekkSoft has secured $800,000 in funding. According to the company, the investors in this round also participated in its seed funding. TrekkSoft’s current backers include Redalpine Capital II and the Innovation Fund of the Schwyzer Kantonalbank. Based in Switzerland and New York, TrekkSoft is a provider of online booking and payment solutions for tour providers.

PRESS RELEASE

Interlaken, Switzerland – February 10, 2014

TrekkSoft, the SaaS for tour and activity providers has raised a further $800,000 capital from the same group of investors who invested their seed round. The news follows the
announcement last week that TripAdvisor and TrekkSoft have partnered to jointly collect
reviews for both properties and drive sales for tour and activity providers.
TrekkSoft cofounder and CEO Jon Fauver says, “As history has demonstrated, the
fragmented market, high inventory acquisition cost, and lack of live inventory online make it almost impossible for pure B2C marketplaces to succeed in tours & activities. Success in this space is dependent on three things: 1. Making it easy (& affordable) for tour & activity providers to bring their inventory online. 2. Facilitating their own direct sales. 3. Enabling them to connect to extended distribution partners. We invest heavily to ensure that TrekkSoft meets the needs of providers. Then we give those providers the opportunity to list their tours with our partners via the TrekkSoft Channel Manager, extending their distribution power and ensuring their offers are served to the right people at the right time in the booking process.”
Since its launch in 2010 TrekkSoft has processed over 850,000 tour & activity bookings and grown it’s live inventory to more than 4,800 tours in 115 different countries. Companies using Trekksoft range from one man owner operators to large tour operators all offering a diverse range of activities from rafting outfitters to skydiving companies, from pub crawls to gourmet food tours, from 1 hour art gallery tours to 10 day multicity
journeys. The geographic spread of companies using Trekksoft extends from Kathmandu to Moscow to Rome to New York to Buenos Aires to Caribbean Islands.
New distribution partnerships with 3 large OTAs to offer in destination tour & activities are scheduled to go live late in Q1 2014. TrekkSoft Investor Armin Meier, former CEO Kuoni says “TrekkSoft removes the logistical barriers that previously deterred OTAs from offering indestination tours & activities. The availability of real time live inventory from TrekkSoft allows OTAs to take advantage of these products, both better serving their customers and adding ancillary revenue to their bottom line.”
TrekkSoft offers a Software as a Service solution (SaaS) allowing tour & activity providers to promote, manage and sell their tours online, offline and on mobile. To take advantage of the booming tours & activity markets in North & South America, TrekkSoft launched their Sales & Marketing office in New York just over one year ago.
Current Investors include Redalpine Capital II, the Innovation Fund of the Schwyzer
Kantonalbank and a group of independent investors with proven industry and market
experience. Private investors include among others Armin Meier, former CEO of Kuoni,
Walter Güntensperger, CEO of Active Travel and former CEO of Hotelplan Switzerland, and Adrian Locher, founder and COO of DeinDeal.ch.
Media Contact: Jon Fauver, + 41 79 379 4190 jon@trekksoft.com
TrekkSoft AG Hauptstrasse 15 3800 Matten b. Interlaken Switzerland www.trekksoft.com
Background: TrekkSoft is a start up based in Interlaken (Switzerland), & New York (USA). Its online booking and payment solution is now used worldwide by some 300 tour and activity providers and handles over 8 million CHF in transactions. The system was developed jointly by IT and tourism professionals and is now available in five languages. TrekkSoft is purely transaction based and does not charge any fixed or installation costs.

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