The Venture Codex

Participated · Seed · Sep 2013

Travefy develops online and mobile travel tools that allow groups to collaborate on trip details, build rich itineraries, and collect shared expenses. The company offers free consumer tools as well as white‑labeled and integrated platform partnerships for online travel agents, travel management companies, vacation providers, and travel brands. Led by CEO David Chait, Travefy is based in Lincoln, NE. The company raised $1.8M in funding and intends to use the proceeds to accelerate expansion and drive product innovation. No operating metrics were disclosed in the article. Travefy is a group travel planning platform founded in 2012 by CEO David Chait and based in Lincoln, NE. The product lets users invite friends to travel, poll dates and locations, collaborate on trip details, book hotels, and manage expenses. The company has released a beta of a new management tool to track and settle group expenses, built in partnership with SlidePay. A mobile app was scheduled for release in Fall 2013. Travefy intends to use newly raised funds to scale and commercialize the platform. The company previously received an angel investment from Linseed Capital and a grant from the Nebraska Innovation Fund's Prototyping Program.