Currently, the company counts one of Taiwan’s two major airlines and a top e-commerce company as its clients

Taipei-based startup TravelSkope — which provides a plug-and-play, all-in-one online travel agency (OTA) solution for airlines, hotels and travel agencies — has raised US$297,000 in Series Seed-plus funding from investors across Hong Kong, Taiwan, Singapore, Japan and New Zealand.

Notable among them are Japanese travel search engine Venture Republic Global; Nelson Wang, General Partner at Zino Ventures; Shannon Chaluangco; Lichi Wu, industry veteran and individual investor; Yani Lee, ecosystem builder and advisor to several accelerators and startup programs; Andrew Vranjes; Tom Duncan of KDV Holdings; and Sung-Min Chung, a seasoned technology investment banking and private equity veteran based in Hong Kong.

The company plans to utilise the funds to establish an office in Singapore, where it was incorporated, and expand into the Southeast Asian market. A portion of the money will also go into finding partners in the region and building on traction beyond Taiwan.

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Peter Chen, Co-founder and President of TravelSkope, stated: “”With our software, all-in-one OTA solution, we are levelling the playing field for media and e-commerce companies to go head-to-head with existing travel agencies and OTA. Currently, media companies are only able to monetise through referrals, but going forward, they would be able to capture the full economic value of a travel-related transaction.”

Additionally, TravelSkope has appointed Tiffany Wu from Pinehurst Advisors and its seed round investor, as its CFO.

Founded in 2013, TravelSkope claims its turn-key solution allows its partners and clients to launch an OTA overnight and in a few  simple steps. For any partner with existing consumer traffic, TravelSkope allows to add a new revenue streams without much effort. It offers a portfolio of modules, such as car rental, hotel booking, airline ticketing, to allow its partners to choose the services they want to offer.

Currently, the company counts one of Taiwan’s two major airlines and one of the top three e-commerce companies as its clients.

TravelSkope, which also runs Hellowings.com and Savvytickets.com, received seed funding in 2016 from Pinehurst Advisors, KK Fund and COENT Venture Partners.

 

 

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