ToursByLocals snaps up its first funding, $33M, to link sightseers with guides globally

ToursByLocals snaps up its first funding, $33M, to link sightseers with guides globally

4 years ago
Anonymous $yQ5BfQaAxy

https://techcrunch.com/2020/01/13/toursbylocals-snaps-up-its-first-funding-33m-to-link-sightseers-with-guides-globally/

The tours and experiences market is projected to be worth $183 billion this year, and today a startup that has made inroads into the space through bootstrapping is announcing its first outside investment. ToursByLocals — which sources local guides in some 162 countries, and then helps tourists search and book them for either individual or group tours and experiences in the place they are visiting — is today announcing $33 million in funding, from a single investor, Tritium Partners, money that it plans to use to hire more talent, build out its technology and to expand its business development team.

This is the first outside funding for the Vancouver, Canada-based startup, which for the past 10 years has bootstrapped its business, building it up to 1.45 million customers and some US$45 million in revenues.