Tern Travel Inc.

Have updates for this profile? Please contribute data

= Subscriber Access Only

You are viewing a preview of this profile. Request a Preqin Pro demo for full access to all profiles and underlying data.

With Preqin Pro, you gain an unobstructed view of all alternative asset class activity across institutional investors, fund managers, funds, portfolio companies, deals, exits, and service providers.

Tern Travel Inc. - overview

Established

2023

Location

San Francisco, CA, US

Primary Industry

Software

About

Tern Travel Inc. , based in the US, provides an AI-driven travel planning platform that personalizes itineraries to enhance the travel experience for individuals, families, and groups worldwide. Founded in 2023 and headquartered in San Francisco, US, Tern Travel Inc. specializes in offering a unique travel planning service.


The company has engaged in two investment deals, most recently raising USD 4 million in a Seed funding round led by Upfront Ventures, which covers the total amount raised since inception. The founder's background information is not available, indicating a focus on developing its services without prior company affiliations publicly noted. Tern offers a comprehensive AI-driven travel planning platform designed to create personalized itineraries tailored to user preferences. The core product enables users to input their travel details, including destination, duration, and personal interests, which the AI processes to generate a fully customized itinerary complete with visual maps and daily organization.


Key functionalities include real-time chat support for trip inquiries and updates, as well as the ability to book flights, accommodations, and experiences through established partnerships with over 6,000 tour providers across 136 countries. The platform appeals to individual travelers, families, and groups seeking a streamlined travel planning experience, allowing collaboration and sharing of itineraries with friends and family. Major markets for Tern's offerings include the United States, France, and Japan, ensuring a diverse customer base engaged in both domestic and international travel. Tern generates revenue primarily through a subscription model and one-time trip fees.


Users can start with a complimentary trial period that allows exploration of two days of their personalized itinerary. After the trial, clients may choose a per-trip fee of USD 5 for comprehensive trip planning or a yearly subscription priced at USD 29 for frequent travelers. This revenue model caters to both individual consumers seeking flexibility and those preferring the convenience of a subscription service for ongoing needs, supported by the platform's unique offerings such as custom itineraries and ancillary booking capabilities. Tern Travel Inc.


plans to utilize the recent USD 4 million in Seed funding to enhance its technology and expand its product offerings. There is a focus on launching upcoming products that will include more advanced AI features and integrations. Additionally, Tern is targeting expansion into new geographic regions, with plans to enter markets in Europe and Asia by the end of 2023 to accommodate a broader audience. These initiatives are aimed at reinforcing Tern's position in the travel planning space and providing enhanced service options to its growing user base.


Current Investors

Upfront, Haystack, Viewpoint

Primary Industry

Software

Sub Industries

Web Applications, Analytics & Performance Software, Application Integration Software

Website

www.travelwithtern.com/

Verticals

Artificial Intelligence, Cloud Computing

Company Stage

Series A

Total Amount Raised

Subscriber access only

GoingPro

Time to go Pro

Get Preqin Pro for unrestricted access to 600,000+ detailed profiles on fund managers, investors, funds, companies, and other alternative asset players. Unlock exclusive data on future plans, company financials, fundraising history, track records, and more.