About Toorbee
Toorbee is a company based in Hong Kong (China) founded in 2016 by George Papachristos. It operates as a API-as-a-Product, and B2B2C. Toorbee has raised $1.73 million across 1 funding round from investors including Velocity.Partners. Toorbee offers products and services including In-Destination Services, API Integration, Web Booking Portal, and Mini-Apps. Toorbee operates in a competitive market with competitors including Holibob, Attraction World, Seamless Planet, OnceThere and Rezb2b, among others.
- Headquarter Hong Kong, China
- Founders George Papachristos
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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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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$1.73 M (USD)
in 1 rounds
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Latest Funding Round
$1.73 M (USD), Seed
Jul 24, 2019
- Investors
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Employee Count
Employee Count
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Products & Services of Toorbee
Toorbee offers a comprehensive portfolio of products and services, including In-Destination Services, API Integration, Web Booking Portal, and Mini-Apps. 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.
Travel experiences are provided through local service connections.
Booking capabilities are enabled through secure API connections.
Products are booked via a secure online platform.
Travel information is accessed via WeChat mini-applications.
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Funding Insights of Toorbee
Toorbee has successfully raised a total of $1.73M through 1 strategic funding round. The most recent funding activity was a Seed round of $1.73 million completed in July 2019. 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 1
- Last Round Seed — $1.7M
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First Round
First Round
(24 Jul 2019)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2019 | Amount | Seed - Toorbee | Valuation | Velocity Partners |
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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 Toorbee
Toorbee has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Velocity.Partners. 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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Velocity.Partners is focused on venture capital investments for Greek entrepreneurs.
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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 Toorbee
| 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 - Toorbee
| 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 |
Toorbee Comparisons
Competitors of Toorbee
Toorbee 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 Holibob, Attraction World, Seamless Planet, OnceThere and Rezb2b, 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 |
Sales channel management is offered to tour operators and suppliers.
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| domain | founded_year | HQ Location |
Online tickets for theme parks and attractions worldwide are provided.
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| domain | founded_year | HQ Location |
Provides an API for booking and managing local tours and activities.
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| domain | founded_year | HQ Location |
Global distribution system for tour operators.
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| domain | founded_year | HQ Location |
Offers sightseeing tours, holiday packages, and day trips worldwide.
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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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| 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 Toorbee
When was Toorbee founded?
Toorbee was founded in 2016 and raised its 1st funding round 3 years after it was founded.
Where is Toorbee located?
Toorbee is headquartered in Hong Kong, China.
Who is the current CEO of Toorbee?
George Papachristos is the current CEO of Toorbee. They have also founded this company.
Is Toorbee a funded company?
Toorbee is a funded company, having raised a total of $1.73M across 1 funding round to date. The company's 1st funding round was a Seed of $1.73M, raised on Jul 24, 2019.
What does Toorbee do?
Toorbee is established as a software house specializing in B2B travel solutions, focusing on in-destination products and services across Southern Europe and the Mediterranean. A wide range of travel experiences, including transportation, tours, dining, and shopping discounts, are facilitated through connections between local service providers and travel agents, primarily targeting the Chinese outbound travel market. Personalized travel plans are offered, supported by API integrations and a web booking portal for seamless and secure transactions. Additionally, mini-apps within the WeChat ecosystem are provided to enhance traveler access to information and services.
Who are the top competitors of Toorbee?
Toorbee's top competitors include Holibob, Attraction World and Lizure.
What products or services does Toorbee offer?
Toorbee offers In-Destination Services, API Integration, Web Booking Portal, and Mini-Apps.
Who are Toorbee's investors?
Toorbee has 1 investor. Key investors include Velocity.Partners.