Vyootrip Raised Almost €400,000 in an Open Crowdfunding Campaign

Vyootrip, a SaaS (Software as a Service) platform for the sale and management of corporate travel, is already close to €400,000 raised in crowdfunding with Segoventure and expects to reach €800,000 by the end of the year with the contribution of funds, with the possibility of closing the year with a million raised.

With its technology, it has already transacted more than 25,000 trips on several continents, with more than 40,000 operations closed with 180 clients, an accumulated turnover of more than €3 million, and an average growth of x2.5 each year, with a conversion rate between 5% and 10% of the prospecting.

The company founded by Antonio Jesús López Martos and Rosa Molina Chica has already obtained the support of 31 investors in its campaign with Segoventure, with a minimum ticket of €2,000. It started with a minimum target of €300,000, which has already been amply surpassed (with more than €385,000 to date), and expects to close the operation in 3 days with more than €400,000.

At the same time, its managers explain that they are in contact with funds so that before the end of the year they expect to have obtained financing of around €800,000, with the possibility of reaching one million.

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Vyootrip will use the money for expansion

The financing will be used to articulate before the end of the first quarter of last year a communication and sales plan to reinforce its expansion and enter new international markets. They already have a presence in France and Norway and a collaboration agreement with VB Travel for the Mexican market. They expect their portfolio to grow in at least two more countries.

They already collaborate with Microsoft, Amadeus, Renfe, IATA, and HubSpot, among other companies.

Vyootrip product

Their product is a tool that allows you to book, control, and have all the expenses of a trip in the same portal, with all the necessary permits and suppliers at a global level to make any business trip.

In their market research, they detected that more than 80% of companies manage their trips in a traditional way, with corporate travel agencies via email and telephone, which means slow processing and fluctuating rates, without direct control of where and how much they spend, or historical data.

The Andalusian startup was founded from the alliance between Antonio Jesús López – with eight years of international experience in a multinational beverage company and in a travel agency in Los Villares (Jaén) – and Rosa Molina, an employee of the travel agency. There they identified the need for a business travel application.

During the pandemic (2020), Vyootrip focused on product development, guided by more than 3,000 conversations with SMEs. After that, they launched the product in 2021.

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(Featured image by EdelTravel_ via Pixabay)

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First published in elEconomista.es. A third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.

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