Leavy.co, a platform helping millennials to travel, has raised $14m in its seed round and released its lifestyle app.
Dutch investor Prime Ventures led the round, with contributions also coming from Index Ventures partner Dominique Vidal.
The company was created to help 18 to 34-year-olds support their travel-heavy lifestyles, which sees many people in this age range traveling multiple times a year. The company believes the lack of financial stability, caused by student loans and credit card debts, is stopping them access affordable accommodation, flights and experiences.
It provides a community-driven marketplace which helps users earn cash. A member can offer their apartment to travellers while they are away, with 100% guaranteed cash even if the apartment is booked or not.
Other local members can also take care of a property on the marketplace and offer tours to travellers.
Furthermoer, members are rewarded with Leavy Coins when they invite friends to join the app, if they offer good tips and recommendations or if they post photos on the app’s feed.
Leavy.co CEO and chairwoman Aziza Chaouachi said, “Travel no longer means heading off to the Canary Islands for a week. It’s visiting your family for the weekend when you are studying abroad or heading off to Barcelona for that sunny summer job. Leavy.co is about helping our members live the lives they want in a meaningful way, no matter where they are from, who they are or their budget.”
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