SquadTrip, an automated payment solution for both large and small group trips, has successfully secured $1.5m in funding.
The investment will serve to bolster SquadTrip’s ambitious expansion plans. Leading the company through this exciting growth phase are CEO Darrien Watson and Co-founder Stevon Judd.
At the heart of SquadTrip’s operations is a passion to revolutionise the travel industry by offering enhanced experiences to both travel enthusiasts and industry professionals. By providing a comprehensive suite of professional tools, the platform facilitates travel organisers to boost sales and streamline their operations.
In terms of leadership, the company is in strong hands with Darrien Watson and Stevon Judd. They have already demonstrated their successful entrepreneurial spirit by generating $7m in travel sales and achieving 6,000 bookings. These founders and college best friends took their first entrepreneurial steps by setting up an event ticketing platform for Black entrepreneurs, ultimately founding SquadTrip last year.
Other noteworthy information about the duo includes their impressive achievement as one of the few Black-owned travel software companies to secure an investment deal surpassing $1m. Their investment deal includes support from lead investor Atento Capital and additional investor Forum Ventures. As a testament to their success, SquadTrip was part of the Build in Tulsa Techstars Accelerator 2022 and has raised nearly $2m within one year.
In a company statement, Darrien Watson, CEO of SquadTrip said, “With this investment, we can accomplish our goal of helping 50,000 group travel organisers boost sales and streamline operations. We are grateful for the confidence our investors have shown in us, and we are committed to delivering value to our growing user base.”
Equally optimistic, Stevon Judd, Co-founder of SquadTrip, adds, “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.”
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