About TravelX
TravelX is a company based in Miami (United States) founded in 2021 by Juan Pablo Lafosse, Alejandro Nardi, and Francisco Vigo.. TravelX has raised $10 million across 1 funding round from investors including Algorand, Borderless and Draper Cygnus. TravelX offers products and services including RmX® and P2P Solution. TravelX operates in a competitive market with competitors including TBO, Travel Boutique Online, Solana, Ankr and Mysten Labs, among others.
- Headquarter Miami, United States
- Founders Juan Pablo Lafosse, Alejandro Nardi, Francisco Vigo
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Sectors
TechnologyTravel & Hospitality Financial Services
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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
$10 M (USD)
in 1 rounds
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Latest Funding Round
$10 M (USD), Seed
Apr 26, 2022
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Investors
Algorand
& 4 more
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Employee Count
Employee Count
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Products & Services of TravelX
TravelX offers a comprehensive portfolio of products and services, including RmX® and P2P Solution. 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 optimizing airline revenue via seat buybacks and resales.
Enables secure ticket reselling and transfers for passengers.
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Funding Insights of TravelX
TravelX has successfully raised a total of $10M through 1 strategic funding round. The most recent funding activity was a Seed round of $10 million completed in April 2022. 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 — $10.0M
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First Round
First Round
(26 Apr 2022)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2022 | Amount | Seed - TravelX | Valuation | Borderless Capital |
| 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 TravelX
TravelX has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include Algorand, Borderless and Draper Cygnus. 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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Venture capital funding and acceleration are provided to sector-agnostic startups.
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Founded Year | Domain | Location | |
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Venture capital fund focused on deep tech and decentralization
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Founded Year | Domain | Location | |
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Venture capital investments are provided to innovative founders.
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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 TravelX
| 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 - TravelX
| 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 |
Travelx Comparisons
Competitors of TravelX
TravelX 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 TBO, Travel Boutique Online, Solana, Ankr and Mysten Labs, 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 |
A leading global travel distribution platform is operated by TBO.
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| domain | founded_year | HQ Location |
Bookings for travel agents are managed via an online platform.
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| domain | founded_year | HQ Location |
Blockchain infrastructure for transactions and counting is provided by Solana.
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| domain | founded_year | HQ Location |
Web3-native infrastructure for blockchain development and decentralization is provided.
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| domain | founded_year | HQ Location |
Web3 infrastructure solutions are offered via a blockchain platform.
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| domain | founded_year | HQ Location |
Provider of a blockchain network
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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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Latest news on Travelx
Frequently Asked Questions about TravelX
When was TravelX founded?
TravelX was founded in 2021 and raised its 1st funding round 1 year after it was founded.
Where is TravelX located?
TravelX is headquartered in Miami, United States. It is registered at Miami, Florida, United States.
Who is the current CEO of TravelX?
Juan Pablo Lafosse is the current CEO of TravelX. They have also founded this company.
Is TravelX a funded company?
TravelX is a funded company, having raised a total of $10M across 1 funding round to date. The company's 1st funding round was a Seed of $10M, raised on Apr 26, 2022.
What does TravelX do?
TravelX was founded in 2021 and is headquartered in Miami, United States. Operations center on blockchain technology to support a decentralized network within the travel sector. Infrastructure is developed to enhance security and efficiency in travel capacity distribution. The platform facilitates the industrys integration with Web3, promoting transparency and reduced friction in transactions across global markets. Key leadership includes co-founders serving as CEO, CPO, and CCO.
Who are the top competitors of TravelX?
TravelX's top competitors include Mysten Labs, TBO and Solana.
What products or services does TravelX offer?
TravelX offers RmX® and P2P Solution.
Who are TravelX's investors?
TravelX has 5 investors. Key investors include Algorand, Borderless, Draper Cygnus, Myelin, and Monday Capital.
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