Success for Croatian tourism startup: Americans invest as much as two million euros in Turneo

The domestic tourism startup Turneo has secured 2 million euros of investment from American investors for the further expansion of its technology in tourism, the startup reported on Wednesday, adding that this enables them to further expand globally. the market.

“Turneo has successfully closed an investment round of 2 million euros, led by the American fund Bessemer Venture Partners, with the participation of the Romanian Underline Ventures. This will accelerate our mission to revolutionize the way people book destination activities and enable and the world’s leading hotels to offer their guests incredible tours, activities and experiences”, they said from Turne. In addition to investing in increasing the team, the investment will enable them to expand to new markets and significantly upgrade their products.

Tourneo is a startup of Croatian founders that has been operating since 2022, mostly in the segment of the so-called of experiential tourism and with its solutions enables hotels to manage the entire offer of activities in the destination, create and publish new activities, cooperate with local service providers and analyze data and guest reviews, and hotel guests to review reservations and transfers via the hotel’s website or application.

Photo: Tour

So far, they have cooperated with some of the biggest hotel houses in Croatia, such as Aminess, Falkensteiner, Liburnija, Maistra, Blue Lagoon and others, and the guests through their own so-called digital shops can book wine tastings, boat tours, balloon flights, activities inside the hotel, including spa and wellness.

Co-foundedč Tour Fran Kauzlarić notes that such a solution for hotels means happier guests, additional income and fewer operational difficulties, while stating that guests who booked activities with Toure technology during this year’s tourist season gave hotels an average 8 percent higher rating on review sites, and more than two-thirds of them did so online. He also states that globally in recent years there has been a great growth in the market of tours and activities, and it is predicted that this market will reach 463 billion dollars by 2030, while Turneo predicts that 172 billion dollars of that will pass through hotels.

Photo: Tour

“We are delighted to have the support of great investors like Bessemer Venture Partners and Underline Ventures. This investment confirms the huge market potential, as well as our vision, and enables us to grow operations, improve technology and establish key partnerships ” said the executive director and co-founder. Tour of Matija Marijan.

For the Bessemer Venture Partners fund, they say that it is a global leader in venture capital and that it recognized Turne’s potential in tourism at an early stage, after earlier investments in well-known companies such as Shopify, Toast, LinkedIn, Pinterest and Skype.

“Historically, rooms have been the main source of revenue for hotels. However, traveler preferences have changed dramatically in recent years, and just selling rooms is no longer enough,” said Aditya Nidmarti, an investor at Bessemer Venture Partners and a new &ccaron a member of the Turne management board, which, according to him, “fits in perfectly with this change in the market”.