itravel
Provides luxury and premium customised vacations.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor investor investor investor investor investor investor investor | €0.0 | round |
| investor | €0.0 | round | |
| investor investor | €0.0 | round | |
| N/A | €0.0 | round | |
| investor investor | €0.0 | round | |
| N/A | €0.0 | round | |
| investor investor | €0.0 | round | |
* | €12.3m | Angel | |
| Total Funding | 000k | ||
| EUR | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 |
|---|---|---|---|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % growth | - | - | - | - | 34 % | - | - |
| EBITDA | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % EBITDA margin | - | - | (32 %) | - | (26 %) | - | - |
| Profit | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % profit margin | - | - | (14 %) | (14 %) | (13 %) | (13 %) | - |
| EV | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
Source: Company filings or news article
Related Content
Founded in 2009 by Axel Schmiegelow, iTravel Software GmbH operates as a digital travel platform that has evolved significantly since its inception. Initially launched as a social travel guide, the company has transitioned into a comprehensive booking platform specializing in customized and complex travel arrangements. Schmiegelow, with a background as the former head of sales and member of the management board at AOL Germany, brought substantial digital media and management experience to the venture. He also founded the digital marketing firm 'virtilic,' which he sold to WEB.DE, further showcasing his expertise in the digital landscape.
The Cologne-based company targets travelers seeking personalized holiday experiences, moving beyond standard package tours. It functions as a tour operator, directly contracting with service providers like hotels and airlines to create unique travel packages. This direct-to-consumer model allows for greater flexibility and customization for its clients. The platform's business model is based on selling these curated travel packages directly to consumers. Travelers can use the service to plan and book multi-stop trips, long-distance journeys, and other non-standard itineraries that are often difficult to arrange through conventional booking engines.
The core of itravel's service is its technology that enables users to assemble complex trips, combining flights, hotels, rental cars, and other components into a single, bookable package. The platform provides detailed travel suggestions and allows for real-time customization, effectively acting as a digital travel consultant. In a significant milestone, the company was acquired by the FTI Group in 2012, one of Europe's largest tour operators, which provided a substantial strategic advantage in terms of resources and market access. This integration allowed itravel to continue its operations as a specialist for individualized travel within a larger corporate structure, enhancing its service offerings and reach in the German-speaking market.
Keywords: customized travel, travel booking platform, tour operator, personalized holidays, dynamic packaging, long-distance travel, multi-stop trips, travel technology, online travel agency, FTI Group