TravelNet
About TravelNet
TravelNet is a company based in Inver Grove Heights (United States) founded in 1999 was acquired by Blue Star Innovation Partners in July 2022.. TravelNet has raised $500 thousand across 1 funding round from investors including Blue Star Innovation Partners. The company has 145 employees as of December 31, 2023. TravelNet has completed 1 acquisition, including Rented.com. TravelNet offers products and services including TrackPMS, TrackCRM, TrackRevenue, and TrackEcommerce. TravelNet operates in a competitive market with competitors including Guesty, JadeCaps, HiGuests, Shortzi and Direct PMS, among others.
- Headquarter Inver Grove Heights, United States
- Employees 145 as on 31 Dec, 2023
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Sectors
Real Estate & Construction
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Travelnet Solutions, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$500 K (USD)
in 1 rounds
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Latest Funding Round
$500 K (USD), Unspecified
Mar 27, 2015
- Investors
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Employee Count
145
as on Dec 31, 2023
- Investments & Acquisitions
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Acquired by
Blue Star Innovation Partners
(Jul 26, 2022)
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Products & Services of TravelNet
TravelNet offers a comprehensive portfolio of products and services, including TrackPMS, TrackCRM, TrackRevenue, and TrackEcommerce. 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.
Software for managing property operations and bookings
Tools for handling business and guest interactions
System for optimizing property pricing and bookings
Platform for driving direct bookings and marketing
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Funding Insights of TravelNet
TravelNet has successfully raised a total of $500K through 1 strategic funding round. The most recent funding activity was a Unspecified round of $500 thousand completed in March 2015. 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 Unspecified — $500,000
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First Round
First Round
(27 Mar 2015)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2015 | Amount | Unspecified - TravelNet | 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 TravelNet
TravelNet has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Blue Star Innovation 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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Family office of Jones family
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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 TravelNet
TravelNet has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Rented.com. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Online platform for vacation rental property managers
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2012 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - TravelNet
| 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 |
Travelnet Comparisons
Competitors of TravelNet
TravelNet 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 Guesty, JadeCaps, HiGuests, Shortzi and Direct PMS, 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 |
Cloud-based software is provided for vacation rental management and synchronization.
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| domain | founded_year | HQ Location |
Provides real estate brokerage services for buying and selling residential properties.
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| domain | founded_year | HQ Location |
Vacation rental accommodations are booked via an online platform.
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| domain | founded_year | HQ Location |
Facilitates short-term property rentals with management services for owners.
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| domain | founded_year | HQ Location |
Software for managing property leads, tickets, staff, and assets effectively.
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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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Latest news on Travelnet
Frequently Asked Questions about TravelNet
When was TravelNet founded?
TravelNet was founded in 1999 and raised its 1st funding round 16 years after it was founded.
Where is TravelNet located?
TravelNet is headquartered in Inver Grove Heights, United States. It is registered at Inver Grove Heights, Minnesota, United States.
Is TravelNet a funded company?
TravelNet is a funded company, having raised a total of $500K across 1 funding round to date. The company's 1st funding round was a Unspecified of $500K, raised on Mar 27, 2015.
How many employees does TravelNet have?
As of Dec 31, 2023, the latest employee count at TravelNet is 145.
What does TravelNet do?
TravelNet was founded in 1999 in Inver Grove Heights, United States, within the travel and hospitality sector. A cloud-based platform is offered for managing vacation rental operations. Key functions handled include accounting, payment processing, front desk activities, housekeeping schedules, maintenance tracking, and revenue optimization. The solution supports property owners in overseeing daily tasks across various rental properties.
Who are the top competitors of TravelNet?
What products or services does TravelNet offer?
TravelNet offers TrackPMS, TrackCRM, TrackRevenue, and TrackEcommerce.
How many acquisitions has TravelNet made?
TravelNet has made 1 acquisition, including Rented.com.
Who are TravelNet's investors?
TravelNet has 1 investor. Key investors include Blue Star Innovation Partners.
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