What is Withlocals?
Withlocals distinguishes itself in the competitive travel industry by providing authentic, personalized experiences curated by local guides worldwide. The company enables travelers to explore cities through the eyes of residents, offering a range of services including private tours, home dinners, and bespoke itineraries tailored to individual preferences. A core tenet of Withlocals' philosophy is the promotion of sustainable tourism, actively supporting local communities through its booking system. This focus on memorable, private, and customized travel experiences positions Withlocals as a key player in the burgeoning market for authentic cultural immersion.
How much funding has Withlocals raised?
Withlocals has raised a total of $16.5M across 4 funding rounds:
Angel/Seed
$500K
Unspecified
$2.8M
Series A
$4.2M
Series B
$9M
Angel/Seed (2013): $500K with participation from Greenhouse Group
Unspecified (2015): $2.8M led by Horizon 2020
Series A (2017): $4.2M supported by INKEF Capital
Series B (2019): $9M featuring Inkef Capital and Keen Venture Partners
Key Investors in Withlocals
Greenhouse Group
Greenhouse Group is an umbrella organization for four companies in the digital marketing field, suggesting a strategic interest in Withlocals' digital presence and customer acquisition strategies.
Horizon 2020
Horizon 2020, often associated with EU research and innovation funding, indicates a potential focus on Withlocals' innovative approach to tourism and community engagement.
INKEF Capital
INKEF Capital is a venture capital firm specializing in innovative technology companies, particularly in IT/New Media, suggesting their backing is tied to Withlocals' platform development and market expansion.
What's next for Withlocals?
The substantial enterprise-level funding and recent strategic investment indicate that Withlocals is poised for significant scaling and further innovation. This capital infusion is likely to be directed towards expanding its global network of local guides, enhancing its technological infrastructure for seamless booking and personalized recommendations, and broadening its marketing reach to attract a wider audience seeking authentic travel adventures. With a clear focus on sustainable and community-driven tourism, Withlocals is well-positioned to capitalize on evolving traveler preferences for meaningful and immersive experiences, potentially exploring new service verticals or geographic markets.
See full Withlocals company page
