About Eddy Travels
Eddy Travels is a company based in Vilnius (Lithuania) founded in 2018 by Edmundas Balcikonis, Pranas Kiziela, and Adomas Baltagalvis was acquired by TripAdd in September 2022.. Eddy Travels has raised $1.87 million across 2 funding rounds from investors including Techstars, Practica Capital and Open Circle Capital. Eddy Travels offers products and services including Eddy AI Assistant. Eddy Travels operates in a competitive market with competitors including Travefy, Key Concierge, Tummoc, minube and Holidify, among others.
- Headquarter Vilnius, Lithuania
- Founders Edmundas Balcikonis, Pranas Kiziela, Adomas Baltagalvis
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Sectors
Travel & Hospitality
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Email
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Phone
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Website
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Social
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Products & Services of Eddy Travels
Eddy Travels offers a comprehensive portfolio of products and services, including Eddy AI Assistant. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
AI tool for finding and booking travel deals on flights and hotels.
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Funding Insights of Eddy Travels
Eddy Travels has successfully raised a total of $1.87M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $1.37 million completed in April 2020. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Seed — $1.4M
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First Round
First Round
(23 Dec 2019)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Apr, 2020 | Amount | Seed - Eddy Travels | Valuation | Practica Capital | |
| Dec, 2019 | Amount | Seed - Eddy Travels | Valuation | Techstars |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Eddy Travels
Eddy Travels has secured backing from 4 investors, including venture fund investors. Prominent investors backing the company include Techstars, Practica Capital and Open Circle Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Seed to growth VC firm funding companies in the Baltics
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Startups are accelerated globally without sector restrictions through structured programs.
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Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Eddy Travels
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Eddy Travels
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Eddy Travels Comparisons
Competitors of Eddy Travels
Eddy Travels operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Travefy, Key Concierge, Tummoc, minube and Holidify, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
An online and mobile group travel planner
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Mobile first on-demand concierge service to build itineraries.
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App-based platform offering real-time transit information and planning solutions
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| domain | founded_year | HQ Location |
Online travel guides and trip planning are offered to users.
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| domain | founded_year | HQ Location |
Online trip planning platform for travelers
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| domain | founded_year | HQ Location |
Personalized holiday packages are booked online via an events-based platform.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Eddy Travels
Frequently Asked Questions about Eddy Travels
When was Eddy Travels founded?
Eddy Travels was founded in 2018 and raised its 1st funding round 1 year after it was founded.
Where is Eddy Travels located?
Eddy Travels is headquartered in Vilnius, Lithuania.
Who is the current CEO of Eddy Travels?
Edmundas Balcikonis is the current CEO of Eddy Travels. They have also founded this company.
Is Eddy Travels a funded company?
Eddy Travels is a funded company, having raised a total of $1.87M across 2 funding rounds to date. The company's 1st funding round was a Seed of $500K, raised on Dec 23, 2019.
What does Eddy Travels do?
Eddy Travels was founded in 2018 in Vilnius, Lithuania, within the travel technology sector. Operations are conducted via integrations with messaging platforms including Facebook Messenger, WhatsApp, Telegram, Viber, Line, and Slack. Personalized suggestions for flights, hotels, car rentals, and related services are offered, with bookings facilitated through redirects to partner websites and online travel agencies. Travel tips and information are also provided to users.
Who are the top competitors of Eddy Travels?
Eddy Travels's top competitors include Travefy, Tummoc and Key Concierge.
What products or services does Eddy Travels offer?
Eddy Travels offers Eddy AI Assistant.
Who are Eddy Travels's investors?
Eddy Travels has 4 investors. Key investors include Techstars, Practica Capital, Open Circle Capital, and TripAdd.