About TrovaTrip
TrovaTrip is a company based in Portland (United States) founded in 2017.. TrovaTrip has raised $20.1 million across 4 funding rounds from investors including Madrona, Pioneer Square Labs and Oregon Venture Fund. TrovaTrip offers products and services including TrovaTrip Platform and Host Dashboard. TrovaTrip operates in a competitive market with competitors including Swimply, Kimkim, 57hours, SideTour and Mallard Bay Outdoors, among others.
- Headquarter Portland, United States
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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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- Legal Name Trovatrip, 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
$20.1 M (USD)
in 4 rounds
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Latest Funding Round
$15 M (USD), Series A
Sep 20, 2022
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Investors
Madrona
& 6 more
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Employee Count
Employee Count
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Products & Services of TrovaTrip
TrovaTrip offers a comprehensive portfolio of products and services, including TrovaTrip Platform and Host Dashboard. 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 booking and managing community group trips.
Tool for creators to plan and sell group travel experiences.
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Funding Insights of TrovaTrip
TrovaTrip has successfully raised a total of $20.1M across 4 strategic funding rounds. The most recent funding activity was a Series A round of $15 million completed in September 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 4
- Last Round Series A — $15.0M
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First Round
First Round
(15 May 2019)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2022 | Amount | Series A - TrovaTrip | Valuation | Madrona Venture Group | |
| Aug, 2021 | Amount | Series A - TrovaTrip | Valuation | Pioneer Square Labs | |
| Oct, 2019 | Amount | Seed - TrovaTrip | 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 TrovaTrip
TrovaTrip has secured backing from 7 investors, including venture fund and angel investors. Prominent investors backing the company include Madrona, Pioneer Square Labs and Oregon Venture Fund. 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 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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Startups are incubated and funded across diverse sectors.
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Founded Year | Domain | Location | |
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Funding is provided to innovative startups in Oregon.
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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 TrovaTrip
| 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 - TrovaTrip
| 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 |
Trovatrip Comparisons
Competitors of TrovaTrip
TrovaTrip 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 Swimply, Kimkim, 57hours, SideTour and Mallard Bay Outdoors, 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 |
Local pools are booked hourly via an online marketplace.
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| domain | founded_year | HQ Location |
Personalized trips are planned and booked online with local experts.
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| domain | founded_year | HQ Location |
App-based platform to discover & book travel guides
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| domain | founded_year | HQ Location |
Marketplace for Tour Experiences
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| domain | founded_year | HQ Location |
Booking solutions for fishing charters and outdoor activities are provided.
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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 Trovatrip
Frequently Asked Questions about TrovaTrip
When was TrovaTrip founded?
TrovaTrip was founded in 2017 and raised its 1st funding round 2 years after it was founded.
Where is TrovaTrip located?
TrovaTrip is headquartered in Portland, United States. It is registered at Portland, Oregon, United States.
Is TrovaTrip a funded company?
TrovaTrip is a funded company, having raised a total of $20.1M across 4 funding rounds to date. The company's 1st funding round was a Seed of $75K, raised on May 15, 2019.
What does TrovaTrip do?
TrovaTrip was founded in 2017 in Portland, United States, operating as an online platform in the travel sector. Tours and activities hosted by peers are discovered and booked by travelers through the site. Online payments facilitate bookings, while users are registered to host experiences. Searches are enabled with filters for location, activities, and other criteria, supporting peer-to-peer travel arrangements across various destinations.
Who are the top competitors of TrovaTrip?
TrovaTrip's top competitors include Swimply, Kimkim and Mallard Bay Outdoors.
What products or services does TrovaTrip offer?
TrovaTrip offers TrovaTrip Platform and Host Dashboard.
Who are TrovaTrip's investors?
TrovaTrip has 7 investors. Key investors include Madrona, Pioneer Square Labs, Oregon Venture Fund, Elevate Capital, and Portland Seed Fund.
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