Explorica, Inc

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Explorica, Inc - overview

Established

2000

Location

Boston, MA, US

Primary Industry

Travel & Leisure

About

Explorica is a provider of educational tour services that offers experiential travel programs tailored for students and educators, enhancing learning through unique travel experiences. Explorica specializes in educational travel for students and teachers, focusing on enriching their learning through real-world experiences. Founded in 2000, the company is headquartered in Boston, US. In January 2016, Explorica was acquired by WorldStrides, Inc.


, allowing for an expansion of their academic offerings. The company's founder information is not available, but they have completed a total of 1 deal. Explorica, a division of WorldStrides, specializes in educational travel programs tailored for students and educators. Their core offerings include a variety of international and domestic tours designed to enhance learning through experiential education.


These programs often encompass various subjects, such as history, culture, and science, providing students with the opportunity to engage with their curriculum in real-world settings. The company serves a diverse clientele, primarily targeting middle and high school students, along with teachers and educational institutions looking to facilitate enriching travel experiences. Explorica's tours are marketed to regions including, but not limited to, Europe, Latin America, Asia, Africa, and the South Pacific, appealing to schools across the United States and Canada. The revenue model of Explorica is based on direct transactions with educational institutions and individual travelers.


The company facilitates group travel, where schools or organizations book tours for their students, often utilizing a straightforward pricing structure that accommodates varying group sizes. These transactions typically involve upfront payments for selected tours, with potential additional costs depending on customizable features or specific travel arrangements. Explorica’s services also include promotional offerings, such as discounts for early bookings or special seasonal deals. While specific pricing plans for tours may vary, the company's offerings are designed to be accessible and appealing to students and educators seeking meaningful travel experiences.


Following its acquisition in January 2016, WorldStrides, Inc. aims to leverage the strengths of Explorica to expand its academic offerings and strengthen its global support system. The company plans to enhance its product line with new educational travel experiences, although specific launch dates have not been disclosed. Additionally, Explorica aims to enter new international markets, focusing on regions that were previously underserved, with efforts expected to ramp up over the next few years.


Current Investors

WorldStrides, Inc.

Primary Industry

Travel & Leisure

Sub Industries

Travel & Leisure, Travel & Tourism

Website

www.explorica.com

Company Stage

Add-on

Total Amount Raised

Subscriber access only

Explorica, Inc - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Add-onCompletedExplorica, Inc-

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