About TroopTravel
TroopTravel is a company based in Madrid (Spain) founded in 2017 by Dennis Vilovic and Leonard Cremer.. TroopTravel has raised $19 million across 2 funding rounds from investors including Plug and Play Tech Center, Founders Factory and Durable Capital Partners. TroopTravel offers products and services including TROOP Platform. TroopTravel operates in a competitive market with competitors including Close, WeTrack, EMS Software, Map Your Show and SchedJoules, among others.
- Headquarter Madrid, Spain
- Founders Dennis Vilovic, Leonard Cremer
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Sectors
Technology
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Email
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Phone
*********
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Website
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Social
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- Legal Name Troop Travel
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$19 M (USD)
in 2 rounds
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Latest Funding Round
$11 M (USD), Series B
Mar 30, 2023
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Investors
Plug and Play Tech Center
& 12 more
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Employee Count
Employee Count
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Products & Services of TroopTravel
TroopTravel offers a comprehensive portfolio of products and services, including TROOP Platform. 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 organizing in-person meetings and managing travel logistics efficiently.
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Funding Insights of TroopTravel
TroopTravel has successfully raised a total of $19M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $11 million completed in March 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 2
- Last Round Series B — $11.0M
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First Round
First Round
(30 Sep 2021)
- Investors Count 13
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2023 | Amount | Series B - TroopTravel | Valuation | Durable Capital Partners , Madrona Venture Group | |
| Sep, 2021 | Amount | Series A - TroopTravel | Valuation | Madrona Venture Group |
| 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 TroopTravel
TroopTravel has secured backing from 13 investors, including venture fund and angel investors. Prominent investors backing the company include Plug and Play Tech Center, Founders Factory and Durable Capital 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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Investment management services are offered by Durable Capital Partners.
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Founded Year | Domain | Location | |
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Venture capital investing in AI, biotech, and technology sectors, focusing on seed and early stages in Seattle and beyond.
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Founded Year | Domain | Location | |
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Venture capital firm investing in seed and series A
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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 TroopTravel
| 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 - TroopTravel
| 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 |
Trooptravel Comparisons
Competitors of TroopTravel
TroopTravel 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 Close, WeTrack, EMS Software, Map Your Show and SchedJoules, 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 |
Mobile platform for live event marketing and ticket sales.
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| domain | founded_year | HQ Location |
Project management solutions are offered through a cloud-based platform.
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| domain | founded_year | HQ Location |
Meeting and room scheduling software solutions are provided online.
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| domain | founded_year | HQ Location |
Event management solutions for conferences and exhibitions are delivered.
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| domain | founded_year | HQ Location |
Event management solutions are offered for organizers and attendees.
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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 Trooptravel
Frequently Asked Questions about TroopTravel
When was TroopTravel founded?
TroopTravel was founded in 2017 and raised its 1st funding round 4 years after it was founded.
Where is TroopTravel located?
TroopTravel is headquartered in Madrid, Spain. It is registered at Madrid, Madrid, Spain.
Is TroopTravel a funded company?
TroopTravel is a funded company, having raised a total of $19M across 2 funding rounds to date. The company's 1st funding round was a Series A of $8M, raised on Sep 30, 2021.
What does TroopTravel do?
TroopTravel was founded in 2017 in Madrid, Spain, as a platform for corporate event management. Big data technologies are employed to support decisions on meetings and events, with personalized analytics solutions offered based on user needs. Factors such as carbon footprint, accommodation, payments, local transport, security, and budget are addressed to facilitate organization by corporations.
Who are the top competitors of TroopTravel?
TroopTravel's top competitors include Close, WeTrack and Map Your Show.
What products or services does TroopTravel offer?
TroopTravel offers TROOP Platform.
Who are TroopTravel's investors?
TroopTravel has 13 investors. Key investors include Plug and Play Tech Center, Founders Factory, Durable Capital Partners, Madrona, and All Iron.