Turneo, a TravelTech startup focused on experiential hospitality, has closed a £1.7 million seed investment round led by Bessemer Venture Partners, with participation from Underline Ventures.
The investment will accelerate London-based Turneo’s mission to revolutionise hospitality by enabling the world’s leading hotels to offer incredible in-destination activities to their guests.
In addition to growing the team, the funding will enable expansion into new markets and significant product enhancements.
Founded in 2022, Turneo enables hotels to manage their entire activities offering in one place. It allows hotel guests to browse and book in-destination activities and transfers on the hotel website or app. At the same time, it provides hotels with a single platform where the entire offering of in-house and partner activities is managed.
This includes creating and publishing new activities, partnering with local providers, as well as reviewing activities data, insights and reviews from their guests.
“Travellers plan and book activities before arriving at their destination,” said Fran Kauzlaric, co-founder of Turneo. “With Turneo, hotels can finally showcase their destinations and manage the activity offering to their guests.
“This means happier guests, with additional revenue and less operational hassle for hotels.”
Aditya Nidmarti, an investor at Bessemer Venture Partners based in Silicon Valley, has been appointed as a board director at Turneo.
“Historically, rooms were the main revenue driver for hotels. However, traveller preferences have changed dramatically over the last few years, and only selling rooms isn’t enough,” he said.
“Turneo is playing right into this market shift by building a platform for hotels to seamlessly create, manage and monetise rich experiences for guests – whether it is spa treatments or in-destination tours.”