Black-Owned Group Travel Startup SquadTrip Secures $1.5M In Funding
Black-owned SquadTrip has announced it has successfully secured $1.5 million in funding to revolutionize group travel.
Making group travel easy
SquadTrip is an automated payment solution for large and small groups, making booking and payments easy for group trips.
Their online platform allows users to save time managing group travel by creating trip sites, automating guest billing and keeping track of all traveller logistics from one place.
It is the first travel platform targeting millennials with flexible payment instalments, Apple Pay checkout and promo codes.
The company was founded by best friends Darrien Watson and Stevon Judd, who have generated $7 million in travel sales and 6,000 bookings.
Secured Funding
The partnership has secured $1.5 million in funding. It will use the investment to support the startup’s mission to revolutionize the travel industry and provide enhanced experiences for travellers and industry experts.
“We are proud of what we have accomplished so far, and this funding will enable us to focus on talent recruitment in areas such as engineering, quality assessment, testing, PM, and design,” said Stevon Judd, co-founder of SquadTrip.
Atento Captial, a venture capital firm on unlocking unsung potential in early-stage founders and Forum Ventures, a leading early-stage fund in New York, San Francisco and Toronto, are included in the funding round.
Read: Black Duo Launch Online Payment Solution Designed For Millennial Group Travelers
“With this investment, we can accomplish our goal of helping 50,000 group travel organizers boost sales and streamline operations,” said Darrien Watson, CEO of SquadTrip.
“We are grateful for the confidence our investors have shown in us, and we are committed to delivering value to our growing user base.”
Watson and Judd share a passion for connecting people through travel experiences and aim to use funds to empower Black travel organizers and create enhanced experiences continuously.
