Profile number 101376
Travel tech company seeking for 1,25M growth capital
20/04/2020 Date added
Located in
The Netherlands
General information
Sector
IT service
Type of company
Website
Legal entity
Private limited company
Type of transaction
Shares
Life phase enterprise
Growing
Employees in FTE
10 - 25
Type of buyer
- MBI candidate
- Strategic acquisition
- Investor
Financial information
Turnover last financial year
€ 1.000.000 - € 2.500.000
Asking price
To be agreed
Earnings before taxes
Confidential
Company history/background
The company is a Dutch based B2B2C Travel Software Tech Company established in 2018. The company has a growth investment need of 1,25M EUR to speed up software development and further market introduction.
Company activities
The company holds an IATA Airline license which enables them to offer their airport to airport travel solutions via airline ticket platforms. Additionally, the business has an internal experienced IT team and developed a smart online platform that integrates with all suppliers in the chain related to travel ticket offerings. Currently the company employs >17 FTE’s.
Unique selling points
Investment rationale:
- First bookings are already successfully served;
- $500 Billion Total addressable market;
- 16K daily seats already contracted;
- The company has an unique market position, due to their IATA certification the company can directly offer airline tickets to global GDS partners;
- The business model is highly scalable;
- Several contracted airlines;
- The company offers an alternative for short haul flights with door-to-door ground transportation solutions;
- High contribution and EBITDA margins due to high IT integrations with ticket resellers;
- Airlines have a increasing demand to save costs through cheaper interlining partnerships, which the company can offer;
- The company owns no fleet, so a very low CAPEX;
- Multiple revenue streams.
Other
The ideal investor has experience with growing an international B2B2C platform.
Travel tech company seeking for 1,25M growth capital
Region
The Netherlands
Sector
IT service
Type
For sale
Turnover
1.000.000 - 2.500.000
Overname
To be agreed