About Smart Destinations
Smart Destinations is a company based in Boston (United States) founded in 2003 was acquired by Big Bus Tours in October 2016.. Smart Destinations has raised $7 million across 3 funding rounds from investors including Big Bus Tours, NewSpring Capital and MMV Financial. The company has 43 employees as of December 31, 2017. Smart Destinations operates in a competitive market with competitors including Klook, Viator, Tiqets, Sosh SF and WeTravel, among others.
- Headquarter Boston, United States
- Employees 43 as on 31 Dec, 2017
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Sectors
Travel & Hospitality
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$7 M (USD)
in 3 rounds
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Latest Funding Round
$3 M (USD), Debt – Conventional
Jun 16, 2010
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Investors
Big Bus Tours
& 3 more
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Employee Count
43
as on Dec 31, 2017
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Acquired by
Big Bus Tours
(Oct 04, 2016)
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Funding Insights of Smart Destinations
Smart Destinations has successfully raised a total of $7M across 3 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $3 million completed in June 2010. 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 3
- Last Round Debt – Conventional — $3.0M
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First Round
First Round
(01 Dec 2008)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2010 | Amount | Debt – Conventional - Smart Destinations | Valuation |
investors |
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| Dec, 2008 | Amount | Series C - Smart Destinations | Valuation |
investors |
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| Dec, 2008 | Amount | Debt – Conventional - Smart Destinations | Valuation |
investors |
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| 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 Smart Destinations
Smart Destinations has secured backing from 4 investors, including venture fund investors. Prominent investors backing the company include Big Bus Tours, NewSpring Capital and MMV Financial. 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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Investment firm focusing on lower-middle market growth, healthcare, and various strategies.
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Founded Year | Domain | Location | |
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Tech & Life-Sciences focused Growth stage Venture Debt Firm investing in North America
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Founded Year | Domain | Location | |
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Exponent is engaged in private equity investments across Europe.
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Founded Year | Domain | Location |
| Investor | Description | 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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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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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 Smart Destinations
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
|
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 - Smart Destinations
| 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 |
Smart Destinations Comparisons
Competitors of Smart Destinations
Smart Destinations 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 Klook, Viator, Tiqets, Sosh SF and WeTravel, 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 |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Tours and travel activities are booked through an app-based platform.
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| domain | founded_year | HQ Location |
Tours and activities are discovered and booked online.
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| domain | founded_year | HQ Location |
Ticket booking platform for travel attractions and events
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| domain | founded_year | HQ Location |
Local activities and tours are booked via an app-based platform.
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| domain | founded_year | HQ Location |
Group trips are created and managed through an online platform.
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| domain | founded_year | HQ Location |
Trips are discovered, planned, and booked through an AI-powered platform.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
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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Frequently Asked Questions about Smart Destinations
When was Smart Destinations founded?
Smart Destinations was founded in 2003 and raised its 1st funding round 5 years after it was founded.
Where is Smart Destinations located?
Smart Destinations is headquartered in Boston, United States. It is registered at Boston, Massachusetts, United States.
Is Smart Destinations a funded company?
Smart Destinations is a funded company, having raised a total of $7M across 3 funding rounds to date. The company's 1st funding round was a Debt – Conventional of $3M, raised on Dec 01, 2008.
How many employees does Smart Destinations have?
As of Dec 31, 2017, the latest employee count at Smart Destinations is 43.
What does Smart Destinations do?
Founded in 2003 and headquartered in Boston, United States, Smart Destinations operates in the travel sector by offering pre-paid Go Cards and Explorer Passes. Access to over 500 museums, attractions, and tours is provided in 15 destinations, ranging from Oahu to New York City. Products are distributed through major travel services in 25 countries.
Who are the top competitors of Smart Destinations?
Who are Smart Destinations's investors?
Smart Destinations has 4 investors. Key investors include Big Bus Tours, NewSpring Capital, MMV Financial, and Exponent.
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