Swiss Tours and Activity Start-up Raises $800 000 and Drives Over Half a Million Bookings

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TrekkSoft AG, the Swiss based tour and activity start-up, completed a first round of funding from several of Switzerland’s premier investors.

TrekkSoft AG, the Swiss based tour and activity start-up, completed a first round of funding from several of Switzerland’s premier investors. The funding allows TrekkSoft to push the well-regarded activity booking solution to new destinations and on-board new accounts quicker, while upgrading the technology both on the desktop and mobile. TrekkSoft already features more than 200 tour operators with over 3,000 tours and will scale its offering quickly with the added funding.

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 tour & activity markets in North America, TrekkSoft launched their Sales & Markeing office in New York just over one year ago and will expand the New York staffing to focus on high volume destinations for US and European consumers such as the Caribbean, Mexico, and South Florida.

TrekkSoft offers a comprehensive solution to the activity segment of the travel industry allowing tour operators to list their entire live inventory together with an integrated payment gateway that facilitates a direct booking process from start to finish. TrekkSoft currently hosts a live inventory of over 3000 trips supplied by more than 200 companies worldwide and has processed 600,000 bookings during their initial aggressive growth phase.

Participating in the financing round are: 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. The TrekkSoft Board of Directors is newly restructured to include Jonathan Fauver (co-founder, CEO), Adrian Locher, Markus Oswald (Innovation Fund of the Schwyzer Kantonalbank), and Philippe Willi (co-founder, COO / CFO).

Market expansion in Europe, North and South America
Capital will be used for further Market Development. "After a successful first step in scaling the sales and revenue model on two continents it is now necessary to intensify the efforts to achieve market saturation,” says Jon Fauver, CEO. TrekkSoft focuses on providing the tools and instruments for providers to process online bookings and peripherally on building marketplaces for new customer acquisition. TrekkSoft has the competitive advantage of providing the providers real time bookings of live inventory on a massive scale. “The fact that we can access live capacity and availability from all of our suppliers at any time and from anywhere in the world allows TrekkSoft to make current market trends available to small and mid-sized suppliers. For instance, TrekkSoft is the first booking solution in the tour and activity market to offer a free white labeled app that allows each operator, regardless of size, to take advantage of the rapidly growing trend of mobile bookings without a heavy up-front investment,” says Jon Fauver.

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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 200 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. Tour and activity providers can use it for free under http://www.trekksoft.com and integrate the system into their processes. TrekkSoft is purely transaction-based and does not charge any fixed or installation costs.

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Philippe Willi
@trekksoft
since: 03/2010
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