About Travelshift
Travelshift is a company based in Reykjavik (Iceland) founded in 2014 by Ingi Shahin.. Travelshift has raised $10 million across 1 funding round. Travelshift offers products and services including Travelshift Platform and All-Inclusive Solutions. Travelshift operates in a competitive market with competitors including Travefy, Key Concierge, minube, Tummoc and Eddy Travels, among others.
- Headquarter Reykjavik, Iceland
- Founders Ingi Shahin
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Sectors
Travel & Hospitality
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Guide To Iceland Ehf.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$10 M (USD)
in 1 rounds
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Latest Funding Round
$10 M (USD), Series A
Aug 29, 2023
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Investors
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Employee Count
Employee Count
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Products & Services of Travelshift
Travelshift offers a comprehensive portfolio of products and services, including Travelshift Platform and All-Inclusive Solutions. 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.
Service for quick booking of all-inclusive vacation packages
Offers curated destinations and experiences for seamless trips
Unlock access to complete
Funding Insights of Travelshift
Travelshift has successfully raised a total of $10M through 1 strategic funding round. The most recent funding activity was a Series A round of $10 million completed in August 2023. 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 Series A — $10.0M
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First Round
First Round
(29 Aug 2023)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2023 | Amount | Series A - Travelshift | 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 |
Investments & Acquisitions by Travelshift
| 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 - Travelshift
| 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 |
Travelshift Comparisons
Competitors of Travelshift
Travelshift 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, minube, Tummoc and Eddy Travels, 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 |
An online and mobile group travel planner
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| domain | founded_year | HQ Location |
Mobile first on-demand concierge service to build itineraries.
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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 |
App-based platform offering real-time transit information and planning solutions
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| domain | founded_year | HQ Location |
Personalized travel recommendations are delivered through chat-based AI platforms.
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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 Travelshift
When was Travelshift founded?
Travelshift was founded in 2014 and raised its 1st funding round 9 years after it was founded.
Where is Travelshift located?
Travelshift is headquartered in Reykjavik, Iceland.
Who is the current CEO of Travelshift?
David B Stewart is the current CEO of Travelshift.
Is Travelshift a funded company?
Travelshift is a funded company, having raised a total of $10M across 1 funding round to date. The company's 1st funding round was a Series A of $10M, raised on Aug 29, 2023.
What does Travelshift do?
Travelshift was established in 2014 in Reykjavik, Iceland, as an online platform in the travel sector. Pre-booked trip planning services are provided to assist travelers with itinerary organization and reservations. Operations focus on digital tools for seamless booking processes, serving users internationally from the Icelandic base. Key roles are held by CEO David B Stewart, Managing Director and CTO Roland Gersch, and Co-Founder Ingi Shahin, overseeing platform development and management.
Who are the top competitors of Travelshift?
Travelshift's top competitors include Travefy, Tummoc and Key Concierge.
What products or services does Travelshift offer?
Travelshift offers Travelshift Platform and All-Inclusive Solutions.