3BaysOver raises CHF1.2 million10.07.2014 09:38
B2B tourism startup 3BaysOver has successfully closed a heavily oversubscribed financing round in which the company raised CHF 1.2 million, CHF 500,000 of which came from investiere investors. The lead investor in this financing round was Swiss internet pioneer and tourism industry veteran Roland Zeller.
While the majority of tourism startups focus on the direct consumer business, 3BaysOver is approaching this € 1 trillion industry from the business-to-business side. 3BaysOver’s online business networking platform for the global tourism industry helps tourism and travel professionals connect, thus bringing greater efficiency to the industry.
“Working with investiere was smooth, efficient and uncomplicated, meaning invaluable time was freed for our team to focus on the business,” explains 3BaysOver CEO Andy Ryan. “What's more, the round ended up being nearly 70% oversubscribed.”Within two weeks of 3BaysOver’s launch on investiere, the investiere community had already indicated a strong investment interest in this case. In the end, investor interest would reach close to CHF 1.7 million, thus significantly exceeding the target amount of CHF 1 million.
This strong interest lead 3BaysOver’s management and the lead investor, Roland Zeller, to accommodate additional capital and ultimately raise CHF 1.2 million. According to Ryan, “With such a service, the proof is always in the pudding, and the team at investiere over-delivered in every way."
"As the lead-investor in this round I liked the professionalism and network of the investiere team,” states Roland Zeller. “I look forward to cooperating with investiere again in the future."