About Turneo
Turneo is a company based in London (United Kingdom) founded in 2022 by Matija Marijan.. Turneo has raised $3.87 million across 5 funding rounds from investors including Bessemer Venture Partners, Underline Ventures and Ascension. Turneo offers products and services including Experience Booking Engine and AI Insights Tool. Turneo operates in a competitive market with competitors including CloudBeds, Hotel Engine, TravelClick, HyperGuest and Pruvo, among others.
- Headquarter London, United Kingdom
- Founders Matija Marijan
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Sectors
Travel & Hospitality
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Phone
*********
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Website
*********
- Legal Name Turneo Ltd
- Date of Incorporation 18 Mar, 2022
- Jurisdiction LONDON, UNITED KINGDOM
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$3.87 M (USD)
in 5 rounds
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Latest Funding Round
$2.22 M (USD), Seed
Sep 18, 2024
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Investors
Bessemer Venture Partners
& 4 more
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Employee Count
Employee Count
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Products & Services of Turneo
Turneo offers a comprehensive portfolio of products and services, including Experience Booking Engine and AI Insights Tool. 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.
Tool for embedding and managing hotel activity bookings online
System for building guest profiles and automating experience management
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Leadership Team
2 people
Operations Team
1 people
Commercial Team
1 people
Advisor Team
1 people
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Funding Insights of Turneo
Turneo has successfully raised a total of $3.87M across 5 strategic funding rounds. The most recent funding activity was a Seed round of $2.22 million completed in September 2024. 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 5
- Last Round Seed — $2.2M
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First Round
First Round
(15 Dec 2022)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Sep, 2024 | Amount | Seed - Turneo | Valuation | Bessemer Venture Partners | |
| Aug, 2024 | Amount | Seed - Turneo | Valuation |
investors |
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| Aug, 2024 | Amount | Seed - Turneo | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 Turneo
Turneo has secured backing from 5 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Bessemer Venture Partners, Underline Ventures and Ascension. 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 investments and support for entrepreneurs in technology and innovation sectors.
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Founded Year | Domain | Location | |
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Early-stage startups are supported through seed investments by Underline Ventures.
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Founded Year | Domain | Location | |
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Ascension is recognized as a venture capital firm focused on early-stage tech investments.
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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 Turneo
| 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 - Turneo
| 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 |
Turneo Comparisons
Competitors of Turneo
Turneo 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 CloudBeds, Hotel Engine, TravelClick, HyperGuest and Pruvo, 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 |
Browser-based software solutions for hotels and other accomodations
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| domain | founded_year | HQ Location |
SaaS booking engine solution delivered for hotels and business travelers.
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| domain | founded_year | HQ Location |
Cloud-based solutions for hospitality reservations and management are offered.
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| domain | founded_year | HQ Location |
AI-powered web-based solutions for hotel booking management are provided.
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| domain | founded_year | HQ Location |
App-based platform to rebook hotels for travelers
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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 Turneo
Frequently Asked Questions about Turneo
When was Turneo founded?
Turneo was founded in 2022.
Where is Turneo located?
Turneo is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Who is the current CEO of Turneo?
Matija Marijan is the current CEO of Turneo. They have also founded this company.
Is Turneo a funded company?
Turneo is a funded company, having raised a total of $3.87M across 5 funding rounds to date. The company's 1st funding round was a Seed of $205.94K, raised on Dec 15, 2022.
What does Turneo do?
Turneo was founded in 2022 in London, United Kingdom, as a B2B platform in the hospitality technology sector. Web-enabled booking engine solutions are offered to hotels and resorts, enabling the management of in-destination experiences for guests. A plug-and-play system is utilized to handle offerings for travelers, with operations focused on streamlining reservations and guest services across the industry.
Who are the top competitors of Turneo?
Turneo's top competitors include CloudBeds, Hotel Engine and HyperGuest.
What products or services does Turneo offer?
Turneo offers Experience Booking Engine and AI Insights Tool.
Who are Turneo's investors?
Turneo has 5 investors. Key investors include Bessemer Venture Partners, Underline Ventures, Ascension, Frederic Halley, and Silicon Gardens.
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