TrekkSoft raises CHF 1 million in third financing round

TrekkSoft will use the new funds to continue bringing the global tour & activity segment online. The main focus in 2015 being convincing the suppliers of the advantages of using a modern, web based system to manage and sell their activities and a game changing API for distribution partners to connect to that live inventory.

“The tours & activities segment isn’t ready for disruption or innovation , it needs simple to use, powerful tools made available to the suppliers at a cost they can afford.” Says cofounder and CEO Jon Fauver, “This has been our core mission since we started in 2009 and will continue to be our focus until the industry problem of real time, live inventory is solved.”

Unlike large marketplaces such as Viator (acquired in July 2014 by TripAdvisor) and GetYourGuide whose main priority is selling tours and activities to the end consumers, TrekkSoft focuses primarily on the operators and interacts only indirectly with the end consumers. “Ultimately success in tours & activities depends on solving both sides of the problem.” continues Fauver, “On the one hand the marketplaces need to encourage consumers to book online and on the other hand the technology providers like TrekkSoft need to ensure that the marketplaces have access to liveinventory making real time, indestination bookings a reality. Technology providers like TrekkSoft need to join forces and connect the liveinventory to the marketplaces and distribution channels around the globe TrekkSoft alone has a realtime inventory of over 10 000 tours worldwide.”

2014 was a great year for Trekksoft, in addition to the release of the TrekkSoft Mobile App (presented at PhocusWright Europe in Dublin), allowing suppliers to take payments and manage their business from anywhere, Trekksoft also released some much requested features including a resource manager, expanded CMS, tax management, and customizable booking flow. TrekkSoft closed 2014 with some impressive figures, low doubledigit million in transaction volume and an increase in net income of 100% over 2013. Since its founding, TrekkSoft has helped its suppliers process the bookings of over 1.5 Million activities.