Africabookings becomes the latest emerging travel startup to receive $25,000 in seed funding from Florida-based Travel Startups incubator, a platform that invests exclusively in travel tech companies around the world. The new funding will allow Africabookings to expand its electronic bed-bank offerings as it strives to become the leading hotel wholesaler in sub-Saharan Africa.
“Africa’s potential for growth in this industry is huge. From a regional travel perspective and international one, the demand for quality tourism destinations and services that offer more than a stereotypical safari is growing everyday,” says Travel Startups Incubator Founder Matt Zito. “The continent has cultural tourism, beautiful beaches, friendly people and easy access to European markets. As an incubator we are extremely excited to have Africabookings in our portfolio of startups leading the industry in this region.”
After just one year of operation, Africa Bookings already offers customers accommodation and travel services in 19 destinations across sub-Saharan Africa — including South Africa,Nigeria, Ghana, Tanzania, Zimbabwe, and Mauritius. The company works closely with agents, hotels, and travel services to make local hotels more discoverable and accessible to today’s digital consumer.
Founded by former travel entrepreneurs and startup advisors, Travel Startups Incubator focuses on providing support for young ventures within mobile travel tech, leisure travel, in-destination, travel advertising, business travel, B2B and much more. Via its four to six month virtual, online incubator service, Travel Startups provides ventures with an initial $25,000 in seed-stage capital as well as business advice, mentoring, and legal and business development.