A Dallas-based travel software startup company known as Traxo had declared on Tuesday that it had managed to accumulate $5.2 million from investors getting a strong boost from TripAdvisor, a reputed online review company.
Traxo has planned to utilize the funds to hire about a dozen employees in the year 2017.
Thereafter, it has plans to expand into Western Europe, as revealed by Andres Fabris, the founder and CEO of Traxo. This company actually organized travel plans by collecting itineraries as well as loyalty accounts from various travel-related websites, car rental services, hotels and airlines.
Furthermore, Traxo also enables tourists to share their travel plans with families, friends or colleagues. Also, it allows them to receive travel alerts when they are in the same regions.
The majority of the business of this company can be attributed to corporate sales.
Its clients represent companies including InsideFlyer, iJet, Travel and Transport as well as Lufthansa. These companies pay a monthly subscription charge based on the number of booked trips or users.
In addition, Traxo also makes tools that companied utilize in their own software, as mentioned by Fabris.
Traxo has 20 contractors and 20 employees. The software of Traxo is available in French, Spanish and English. However, 90% if its clients are based in the U.S.
