Utrip
AI-powered travel planning services.
Description
Free travel planning technology that used artificial intelligence to create personalized itineraries.
Legal Name
Utrip
Former Legal Name(s)
-
Company Reputation
-
Entity Type
Private limited company
Ownership Status
-
Operational Status
Inactive
Founded Date
15 Jul 2012
Operational Duration
7 years
Shutdown Date
2019
Last Financing Round
Debt Financing
Total Raised
USD 11.24M
Last Financing Date
19 Nov 2018
No. of Funding Round(s)
11
No. of Investor(s)
1
No. of Employees
10 - 50
Total Revenue
-
Post-money Valuation
-
Market Capitalization
-
Stage of Development
Validation
Transactional Model Type
B2C
Defensibility Moats
User networks,
City
Seattle
State/Province
Washington
Country
United States
Industry
Internet
Categories
Artificial Intelligence, Travel, Tourism,
- High Operational Cost
- Despite having 80 clients, most of them had limited budgets which made it difficult for Utrip to gain traction and be profitable.
- The costs associated with sales, marketing and keeping the recommendation engine alive was too much for them since their expenses were higher than their revenue at one point.
- Failed Fundraising
- The costs associated with sales, marketing and keeping the recommendation engine alive was too much for them since their expenses were higher than their revenue at one point.
- Lack of Focus
Costs were too much.
There was no growth and no way to show traction.
Did not give their full attention to other aspects of the company.
Note: Direct competitors are defined by similarity score of more than 40%, while similar companies are defined by similarity score of less than 40%
| No. | Image | Name | Similarity score | Description | Industry | Categories | Location | Ownership status | Entity type | Stage of development | Transactional model type | Defensibility moats | Last financing round | Total raised | Post-money valuation | Last financing date | No. of funding round(s) | No. of investors | Investors | Total revenue | Market capitalization | No. of investments | No. of acquisitions | No. of board seats taken | Competition | Management | No. of employees | Company reputation | Contact info | Operational status | Operational duration | Shutdown date | Founded date | Legal name | Former legal name(s) | Ticker |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
1. |  | BlackJet | 20.3% | An on-demand private jet service. | Internet | On-Demand Service, Software, Air Transportation, Travel and tourism | United States | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 10-50 | - | - | Inactive | - | - | 2012 | - | - | - |
2. |  | Zuji | 18.1% | An online travel agency. | Internet | Travel and tourism, Leisure, Hospitality | Singapore | - | - | - | - | - | M&A | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | Inactive | - | - | 2002 | - | - | - |
3. |  | Hipmunk | 15.4% | An online travel company that provided users with hotel deals and flights results via a website and an app. | Internet | Applications, Online Portals, Travel and tourism, Leisure | United States | - | - | - | - | - | M&A | - | - | - | - | - | - | - | - | - | - | - | - | - | 10-50 | - | - | Inactive | - | - | 2010 | - | - | - |
4. |  | Tay AI | 12.9% | Artificial intelligence chatter bot by Microsoft. | Internet | Artificial Intelligence, Robotics | United States | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | Inactive | - | - | 2016 | - | - | - |
5. |  | Service | 8.8% | An app that reimbursed users for canceled or delayed hotel and flight reservations. | Internet | Customer Services, Travel and tourism, Software | United States | - | - | - | - | - | Seed | - | - | - | - | - | - | - | - | - | - | - | - | - | 10-50 | - | - | Inactive | - | - | 2015 | - | - | - |
6. |  | Staffjoy | 7.2% | A scheduling software company. | Internet | Artificial Intelligence, Human Resources, SaaS, Logistics | United States | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1-10 | - | - | Inactive | - | - | 2015 | - | - | - |
7. |  | Roamz | 7.1% | A location-based application that informed users about the happenings in their cities. | Internet | Location Based Services, Mobile Applications, Machine Learning, Software, Travel and tourism | Australia | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 10-50 | - | - | Inactive | - | - | 2011 | - | - | - |
8. |  | Asaii | 6.9% | An automated machine learning A&R and music management platform. | Internet | Artificial Intelligence, Machine Learning, Big Data, Music, Media & Entertainment | United States | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1-10 | - | - | Inactive | - | - | 2016 | - | - | - |
9. |  | RiseML | 6.9% | A software created to help machine learning teams scale their deep learning infrastructure. | Internet | Machine Learning, Artificial Intelligence, Internet | Germany | - | - | - | - | - | Seed | - | - | - | - | - | - | - | - | - | - | - | - | - | 1-10 | - | - | Inactive | - | - | 2016 | - | - | - |
10. |  | Tali | 5.4% | A hands-free time tracking for voice-enabled productivity assistant powered by artificial intelligence. | Internet | Software, Artificial Intelligence, SaaS | United States | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1-10 | - | - | Inactive | - | - | 2017 | - | - | - |
11. |  | Joobili | 5.2% | Offered European travel destinations and packages. | Internet | Travel and tourism, Leisure, Information Services, Websites | Hungary | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1-10 | - | - | Inactive | - | - | 2008 | - | - | - |
12. |  | Stayzilla | 5.1% | An online platform that enabled individuals to research and reserve value hotels across the country. | Internet | Hotel & Restaurants, Travel and tourism, Hospitality, Leisure | India | - | - | - | - | - | Late Stage | - | - | - | - | - | - | - | - | - | - | - | - | - | 250-500 | - | - | Inactive | - | - | 2005 | - | - | - |
13. |  | Botler | 5.0% | A conversational commerce (messaging) app. | Internet | Artificial Intelligence, Messaging, Service Industry | United Arab Emirates | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1-10 | - | - | Inactive | - | - | 2016 | - | - | - |
14. |  | Trevo | 4.9% | Uber for 'Intra-City Bus-Pooling'. | Internet | Public Transportation, Travel and tourism, Ride Sharing, Applications | India | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1-10 | - | - | Inactive | - | - | 2015 | - | - | - |
15. |  | Hello Roaming | 4.2% | A web shop for prepaid travel SIM Cards made for travellers who plan ahead. | Internet | E-Commerce, Travel and tourism, Information Services | Malaysia | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | Inactive | - | - | 2016 | - | - | - |
16. |  | Stockwell | 4.2% | A smart vending machine that offered items typically found in convenience stores. | Internet | Retail, Consumer Goods, Artificial Intelligence | United States | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 100-250 | - | - | Inactive | - | - | 2017 | - | - | - |
17. |  | TripHub | 4.2% | An online group travel planning and collaboration that helped compile and centralize information for a group trip. | Internet | Travel and tourism, Analytics | United States | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1-10 | - | - | Inactive | - | - | 1999 | - | - | - |
18. |  | Go Excursion | 3.9% | A tours and activity marketplace. | Internet | E-Marketplace, Travel and tourism | United States | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1-10 | - | - | Inactive | - | - | 2014 | - | - | - |
19. |  | BookIt.com | 3.9% | A travel agency that provided online booking services to travelers. | Internet | Travel and tourism | United States | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 500-1000 | - | - | Inactive | - | - | 2000 | - | - | - |
20. |  | FareChase | 3.8% | A travel metasearch engine that allowed users to find flights, hotels, car rentals, travel guides and recommendations. | Internet | Travel and tourism, Hotel & Restaurants | United States | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | Inactive | - | - | 1999 | - | - | - |
21. | .jpg){kind=logo} | Wanna Migrate | 3.7% | An online platform helping individuals migrate to other countries regardless of the goals. | Internet | Customer Services, Database, Information Services, Travel and tourism | Brazil | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1-10 | - | - | Inactive | - | - | 2013 | - | - | - |
22. |  | Onepagetrip | 3.6% | A travel community combined with trip planning tools. | Internet | Transportation, Travel and tourism | Australia | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1-10 | - | - | Inactive | - | - | 2015 | - | - | - |
23. |  | Flytenow | 3.5% | Connected people with pilots so they can get off the ground easily. | Internet | Travel and tourism, Transportation, Collaborative Consumption | United States | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1-10 | - | - | Inactive | - | - | 2013 | - | - | - |
24. |  | Google Health | 3.0% | The app was designed as an to attempt to create a repository of health records and data in order to connect doctors, hospitals and pharmacies directly. | Internet | Health, Wellness, Artificial Intelligence | United States | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | Inactive | - | - | 2008 | - | - | - |
25. |  | Wimdu | 2.9% | An online platform for booking lodging. | Internet | Social Media, Travel and tourism, Search Engine | Germany | - | - | - | - | - | M&A | - | - | - | - | - | - | - | - | - | - | - | - | - | 250-500 | - | - | Inactive | - | - | 2011 | - | - | - |
26. |  | HotelsAroundYou | 2.9% | An online platform that provided easy booking of same-day unsold hotel rooms. | Internet | Hospitality, Hotel, Reservations, Travel and tourism | India | - | - | - | - | - | Seed | - | - | - | - | - | - | - | - | - | - | - | - | - | 1-10 | - | - | Inactive | - | - | 2013 | - | - | - |
27. |  | Beijing Baicheng International Travel | 2.4% | An online travel agency that offered O2O services for outbound tourism industry. | Internet | Travel and tourism, O2O, Leisure | China | - | - | - | - | - | Early Stage | - | - | - | - | - | - | - | - | - | - | - | - | - | 1000-5000 | - | - | Inactive | - | - | 2000 | - | - | - |
28. |  | Bluesmart | 2.4% | Internet connected travel products that include physical products combined with software. | Internet | Software, Electronics, Hardware, Travel and tourism | United States | - | - | - | - | - | M&A | - | - | - | - | - | - | - | - | - | - | - | - | - | 50-100 | - | - | Inactive | - | - | 2013 | - | - | - |
29. |  | RoomsTonite | 2.0% | App-based last minute hotel booking solutions provider. | Internet | Hotel & Restaurants, Travel and tourism, Hospitality, Applications | India | - | - | - | - | - | Seed | - | - | - | - | - | - | - | - | - | - | - | - | - | 100-250 | - | - | Inactive | - | - | 2014 | - | - | - |
30. |  | Valadoo | 1.5% | A travel information platform. | Internet | E-Commerce, Travel and tourism, Leisure, Information Services | Indonesia | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 10-50 | - | - | Inactive | - | - | 2010 | - | - | - |
31. |  | Touring Bird | 1.3% | Helped users explore, compare, and book experiences—all in a single place. | Internet | Travel and tourism, Leisure, Applications | Switzerland | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1-10 | - | - | Inactive | - | - | 2017 | - | - | - |
32. |  | Gidsy | 1.1% | A peer-to-peer platform for discovering local experiences and things to do. | Internet | Marketplace, Travel and tourism | Germany | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1-10 | - | - | Inactive | - | - | 2011 | - | - | - |
| No. | Image | Name | Investor type | Description | Location | Preferred investment stage(s) | Stages invested in | Assets under management (AUM) | Investment range | Investment sweet spot | Preferred investment focus | Preferred investment geography | No. of investments | No. of lead investments | No. of follow-on investments | No. of co-investments | Portfolio companies | No. of exits | Total exit value | No. of failed investments | Loss on investments | No. of acquisitions | No. of board seats taken | No. of funds | Limited partners | Co-investors | No. of partners | Partners | No. of employees | Management | Board members | Founders | Investor reputation | Contact info | Entity type | Legal name | Former legal name(s) | Founded date | Ticker |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
1. |  | Richard Galanti | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| No. | Image | Name | Previous designation | Previous company | Previous biography | Previous profile type | Previous location | Experience | Education | Reputation | Current company | Current designation | Current biography | Current profile type | Current location | No. of investments | No. of exits | Total exit value | No. of board seats taken | Contact info |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
1. | | Gilad Berenstein | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
2. | | Christopher D. Mcreynolds | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
3. | | Jonathan B. Geyer | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
4. | | Edan Shahar | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
5. | | Aviv D. Shahar | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
6. | | Yair D. Berenstein | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| No. | Financing date | Financing round | Total amount raised | Post-money valuation | Financial viability | Fundraising target amount | Remaining target amount | Financing type | No. of investors | Board seats | Lead investors | Entity type | Financing status |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
1. | 19 Nov 2018 | Debt Financing | USD 240K | - | - | USD 500K | USD 260K | Debt, Option, Warrant or Other Right to Acquire Another Security, Security to be Acquired Upon Exercise of Option, Warrant or Other Right to Acquire Security, | 6 | 5 | - | - | Completed |
2. | 1 Mar 2018 | Debt Financing | USD 500K | - | - | USD 2M | USD 1.50M | Debt, Option, Warrant or Other Right to Acquire Another Security, Security to be Acquired Upon Exercise of Option, Warrant or Other Right to Acquire Security, | 4 | 5 | - | - | Completed |
3. | 20 Feb 2017 | Series A | USD 4M | - | - | - | 10 | - | - | - | Completed | ||
4. | 4 Nov 2016 | Private Equity Round | USD 3.42M | - | - | USD 6.17M | USD 2.75M | Equity, | 43 | 5 | - | - | Completed |
5. | 19 Oct 2015 | Debt Financing | USD 325K | - | - | USD 700K | USD 375K | Debt, Option, Warrant or Other Right to Acquire Another Security, Security to be Acquired Upon Exercise of Option, Warrant or Other Right to Acquire Security, | 4 | 5 | - | - | Completed |
6. | 24 Dec 2014 | Debt Financing | USD 100K | - | - | USD 800K | USD 700K | Debt, Option, Warrant or Other Right to Acquire Another Security, Security to be Acquired Upon Exercise of Option, Warrant or Other Right to Acquire Security, | 6 | 5 | - | - | Completed |
7. | 12 Dec 2014 | Seed Round | USD 850K | - | - | - | 1 | - | - | - | Completed | ||
8. | 22 Apr 2014 | Seed Round | USD 750K | - | - | - | 3 | - | - | - | Completed | ||
9. | 9 Jan 2014 | Debt Financing | USD 325K | - | - | USD 650K | USD 325K | Debt, Option, Warrant or Other Right to Acquire Another Security, Security to be Acquired Upon Exercise of Option, Warrant or Other Right to Acquire Security, | 9 | 5 | - | - | Completed |
10. | 10 Nov 2012 | Private Equity Round | USD 335K | - | - | USD 489.35K | USD 154.35K | Equity, | 9 | 6 | - | - | Completed |
11. | 15 Jul 2012 | Seed Round | USD 400K | - | - | - | - | - | - | - | Completed |
