B2B software-as-a-service (SaaS) agency Tour Amigo introduced Wednesday it has obtained $2 million in funding. The brand new capital will probably be used to bolster growth, gas its North America growth and assist enterprise clientele.
The funding got here throughout Tour Amigo’s seed funding spherical, which was led by Wavemaker Companions, a Singapore-based enterprise capital group. 500 International additionally participated.
“The fast international progress of Tour Amigo is a testomony to the energy of the product providing and the group,” stated Murray Decker, CEO of Tour Amigo.
Tour Amigo, which affords reservation, enterprise and operation software program for journey companies and multi-day tour operators, plans to make use of the funding as it really works towards releasing what it calls “reasonably priced” and “future-proof” SaaS options for group operators, vacation spot administration firms and different journey gamers.
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The corporate views its purpose to develop into North America as a strategic transfer that can convey it into “one of many world’s largest and most dynamic” markets.
Andy Hwang, common associate at Wavemaker Companions, lauded Tour Amigo’s potential to streamline bookings by incorporating tour distribution, inner administration and provider coordination in a single platform, chopping prices for operators.
“Outdated reserving and reservation techniques usually lack the mixing capabilities to work seamlessly with varied software program suppliers, forcing operators to juggle a number of platforms and handbook strategies,” stated Hwang. “This results in gradual reserving instances, communication gaps between clients, suppliers and brokers and restricted customization choices.”
Tour Amigo was a finalist in final 12 months’s International Startup Pitch occasion hosted by Phocuswright and WebinTravel.
