Technology

Tripfuser closes $4.5m funding round, changes up management team

Travel tech player Tripfuser has completed a $4.5 million funding round to power the growth of its global marketplace.

The oversubscribed round was led by the Royal Automobile Club of Victoria (RACV).

As part of the funding round, former iSelect and Compare the Market boss Matt McCann (pictured above) has been locked in as CEO of Tripfuser, after acting in the role over the last nine months.

“We are delighted to close the investment round and thank both our new and existing shareholders for their support,” McCann said.

“RACV’s strategic investment provides the strongest endorsement for the Tripfuser tailored travel marketplace and provides a platform for a long-term partnership.

“Tripfuser is positioned to deliver the unique, safe and authentic tailored travel experiences that travellers and travel agents will require to deliver as travel demand returns.”

As a result of the funding round, Craig Peachey, RACV’s executive general manager for its leisure division, has now joined Tripfuser’s board of directors.

“RACV’s investment in Tripfuser reflects its ongoing commitment to further expand and enhance its range of travel and holiday-related products and services for its 2.2 million members,” he said.

“We are always seeking to add new content and products to grow the offering further, and we are excited to be able to bring Tripfuser’s tailored-travel services to RACV’s members.”

As a result of changes to Tripfuser’s management team, two of its four founders, Matt Beard and Len Cordiner, have agreed to step back from their executive roles. Beard will remain on the board as a non-executive director.

Other Tripfuser co-founders Tuan Nguyen and Andre Franchini remain part of its executive team and are joined by new chief operations officer, Chloe Walker, who was previously head of sales and operations at iSelect.

Tripfuser has a marketplace of more than 230 travel experts from over 60 countries, and has signed up more than 2,400 travel agents from Australia, New Zealand and Canada.

The company’s platform offers around 1,400 fully customisable and digitally interactive travel itineraries, including a range of unique domestic travel options.



SEE WHAT PEOPLE ARE SAYING

Leave a Reply

Aviation

Qantas proposes scrapping bonuses if it is “harmed”

Qantas has copped some bad press lately, but the silver lining is it’s a great excuse for Alan Joyce to get a nice makeover!

Share

CommentComments

Aviation

Boeing 737 MAX mid-air emergencies revealed in new investigation

Surprisingly the investigation came from the ABC and not from Air Crash Investigation, which kind of puts the show to shame a bit.

Share

CommentComments

Travel Agents

Western travel agents banned from booking Hajj pilgrimage

Those looking to complete Hajj will have to enter the Hajj lottery, which you are still astronomically more likely to win than the actual lottery.

Share

CommentComments

Wholesalers

Virtuoso uncovers key differences in how each generation travels

Meanwhile, Travel Weekly staff are conducting our own research to tap into the zoomer market by teaching the office dog TikTok dances. It’s not going well.

Share

CommentComments

Cruise

Royal Caribbean Group completes its comeback with all ships back at sea

To honour the milestone, all 63 ships in the group’s fleet sounded their horns at once, which most likely scared the sh*t out of nearby fishing boats and unsuspecting wales across the world.

Share

CommentComments

Travel Agents

Virgin teams up with Flight Centre for money-can’t-buy workshop

It’s the second time a Flight Centre partnership has come up this week and it’s only Tuesday! Skroo must be feeling extra convivial this week.

Share

CommentComments

Aviation

“It’s more like a bribe”: Unions slam Qantas’ $5,000 ‘thank you’ payment

Speaking of bribes, if anyone would like to bribe us with an all-expenses-paid trip to Japan we promise to give you a good review on TripAdvisor.

Share

CommentComments

Destinations

Solomon Islands to reduce mandatory quarantine

Good news for those looking to travel across the Pacific Islands! Not so good news for those who enjoy being confined to a hotel room for days on end.

Share

CommentComments

Hotels

Oakwood solidifies Aussie presence with full opening of Melbourne luxury property

Looking to treat yourself? Don’t get a chocolate at the shops, book yourself a stay at the new Oakwood property in Melbourne (or do both)!

Share

CommentComments

Aviation

Flight Centre signs landmark agreement with Rex as pilots prepare for industrial action

While seemingly struggling to win popularity among its pilots, the regional carrier has turned to its agency partners for reassurance.

Share

CommentComments

Cruise

Princess reveals The Real Love Boat crew, celebrates ‘Top Gun Agents’

Say a prayer for the poor souls tasked with wrangling a ship full of reality dating contestants hell-bent on getting frisky at sea.

Share

CommentComments

Destinations

How your clients can skip the rebound chaos with South America

Got clients keen to travel but hoping to avoid inflated prices and hoards of European Summer revellers? We’ve got the answer for you.

Share

CommentComments