Travel SaaS start-up Triptease has closed a seed investment round worth $2m, with joint participation from two leading venture capital firms, Episode 1 Ventures and Notion Capital.
Founded in 2013 the company aims to reduce travel booking anxiety.
Co-founder, Charlie Osmond said the average person visits 38 websites searching through online opinions and the best rates.
“For half of us, an experience that starts out full of excitement ends up with feelings of doubt over making the right choice and getting the best price,” he said.
“What many people don’t realise is that booking direct with hotels cuts angst and is beneficial for both sides.
“Travellers get better guarantees and better service. Some hoteliers we spoke to actively upgrade direct bookers to thank them for not using a third party – hardly surprising given the millions of dollars they now have to spend on commissions for other bookers. It’s a total win-win”, added Osmond.