SkyAlum Wetravel Gaining Traction
Travel planning can be a tedious task, and becomes a huge headache when you are managing group travel. SkyAlum Wetravel is dedicated to simplifying large group trips through its online tools that help users collect funds and organize logistics. Wetravel’s substantial company growth was highlighted in this week’s Financial Times. The article details the development of the team’s product, from its early stage vision, to its success in aiding travellers reduce their planning time from an estimated 40 hours to under 5 hours. To date Wetravel has been used to plan over 50 trips worth $500,000.
Co-founder Johannes Koeppel developed a passion for simplifying travel planning after he managed travel plans for Europeans visiting the former Soviet central Asian republic of Uzbekistan, and became aware of the demand for an abridged process. Koeppel, along with co-founders Garib Mehdiyev and Zaky Prabowo, created Wetravel as a central hub for travel planners to collaborate, advertise, and complete administrative tasks.
The Wetravel team attests much of its success to the resources and support of the Berkeley community. As Haas MBA students, the Wetravel team gained essential guidance from entrepreneurial classes and organizations on campus that allowed them to avoid common mistakes and grow as a company.
Wetravel initially raised $60,000 in funding from friends, family, scholarships, and grants. They recently received their first major outside investments from venture capitalist firms Foundation Capital and First Round Capital’s Dorm Room Fund, and they intend to raise $600,000 in the fall. As the team continues to grow, they are aiming to develop more traction and introduce an app in addition to their website.
Use this link to access the Financial Times article.
Featured photo: Wetravel website