Withlocals BV
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.
Withlocals BV - overview
Established
2013
Location
Eindhoven, -, Netherlands
Primary Industry
Internet
About
Withlocals BV connects travelers with local hosts to create personalized travel experiences, offering private tours and activities that promote cultural exchange and local insights, enhancing the travel experience. Founded in 2013, Withlocals BV operates from Eindhoven, Netherlands, providing unique travel experiences by linking travelers with local hosts. The company has raised EUR 8. 00 mn in Series B funding on March 5, 2019, led by Keen Venture Partners, with participation from Inkef.
The founders include Frank Sanders, Marijn Maas, Mark Mansveld, and Willem Maas, while Matthijs Keij serves as the CEO. Withlocals specializes in providing unique and memorable travel experiences by connecting travelers with local hosts for personalized tours and activities. The core offerings of the company include private guided tours, local dining experiences, and culinary tours across various cities worldwide. The service addresses the needs of travelers seeking authentic, local insights and personalized itineraries that enhance their travel experience.
Withlocals operates in numerous global markets, including major tourist destinations such as Bangkok, Istanbul, Amsterdam, Paris, Ho Chi Minh City, Berlin, Lisbon, Singapore, Cape Town, Athens, Mexico City, and Naples, among others. The target customer base consists of individual travelers, families, and small groups seeking a one-on-one experience with knowledgeable locals who can tailor the itinerary to their specific interests and preferences. Revenue for Withlocals is generated primarily through transactions for personalized travel experiences, where travelers book tours directly with local hosts on the platform. The transaction structure typically involves direct-to-consumer engagements, allowing guests to customize their tours by communicating directly with hosts prior to booking.
Each booking results in compensation for the local host, with earnings often reinvested in their communities. The pricing for tours varies based on factors such as the duration and type of experience, with local hosts offering a range of activities, including food tours, cultural explorations, and family-friendly outings, ensuring that there are options catering to different needs and budgets. These tailored services emphasize the personal connection between travelers and hosts, fostering unique interactions and enriching travel experiences. In March 2019, Withlocals BV raised EUR 8.
00 mn in Series B funding, which will be utilized to enhance their platform and expand their offerings. The company plans to launch new products focused on niche travel experiences to meet diverse consumer interests. Additionally, Withlocals is targeting expansion into new markets across Asia and Latin America by the end of 2023, aiming to increase their global presence and cater to more travelers seeking authentic local interactions.
Current Investors
Inkef, Digital Equity, Horizon 2020
Primary Industry
Internet
Sub Industries
Travel & Tourism, Web Applications, Search Engines
Website
www.withlocals.com
Verticals
E-commerce, Mobile Apps
Company Stage
Series B
Total Amount Raised
Subscriber access only

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.