Localie
A platform for travelers to connect with inspiring locals who will show you around and help with all aspects of the trip.
| Date | Investors | Amount | Round |
|---|---|---|---|
| N/A | €0.0 Valuation: €0.0 8.5x EV/Revenue -11.8x EV/EBITDA | round | |
| N/A | €0.0 Valuation: €0.0 35.1x EV/Revenue -29.8x EV/EBITDA | round | |
| investor investor investor investor | €0.0 Valuation: €0.0 8.7x EV/Revenue -26.8x EV/EBITDA | round | |
$170k Valuation: $1.8m 4.5x EV/Revenue | Angel | ||
| Total Funding | 000k | ||
| USD | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % growth | - | 748 % | (55 %) | 304 % | - | 25 % |
| EBITDA | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % EBITDA margin | (10 %) | (72 %) | (118 %) | (32 %) | - | - |
| Profit | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| EV | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| EV / revenue | 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 |
| R&D budget | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
Source: Company filings or news article, Dealroom estimates
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Localie operates as a two-sided marketplace in the travel and tourism industry, connecting travelers with a network of verified local guides. The company was established in 2018, initially as a side project, and officially incorporated as a full-scale company in August 2019. It was co-founded by Nick Nedelchuk (CEO) and Sergey Chebykin (CTO), who started the venture while still employed at large corporations, driven by the idea of making travel feel like visiting a friend abroad.
The platform targets travelers seeking personalized and authentic experiences, moving away from conventional tourist activities. Clients can book locals for a variety of services, including customized city tours, trip planning assistance, and support for business-related activities like organizing conferences or video productions in remote locations. The service is built on the premise of connecting individuals with locals who share similar interests and values, ensuring a more tailored and engaging experience.
Localie's business model is commission-based. The company takes a 29% commission from the fees paid by travelers for services arranged through the platform. This fee structure is tiered, rewarding active local guides with a reduced commission rate based on the frequency of their engagements. The platform facilitates secure online payments and manages transactions through Stripe. For travelers, Localie offers fixed-price services for half-day or full-day experiences with a local guide, which can be more cost-effective than traditional tour guides. The company has secured approximately $480K in funding through several seed and angel rounds from investors including Crosspring, Unpopular Ventures, and Madeira Startup Retreat.
The core service is the connection to a global community of locals across numerous destinations. This network provides travelers with unique access to a city's culture from an insider's perspective, helping them discover hidden gems and avoid tourist traps. For business clients, Localie offers specialized assistance that leverages local knowledge for professional events. The entire experience is managed through its platform, which includes a mobile application, aiming to reinvent the travel experience by fostering connections between travelers and local communities.
Keywords: travel marketplace, local guides, personalized travel, authentic tourism, peer-to-peer travel, trip planning, corporate travel support, travel tech, city tours, cultural experiences, travel services, bespoke journeys, travel community, in-destination services, local expertise, travel planning assistance, experiential travel, tourism platform, travel startup, remote location support