Six weeks old startup Travelbeta has raised $2 million seed funding from a group of Nigerian Investors. The company went live on October 1st 2015 and has gained massive traction in the Tech Ecosystem.
“We have raised a seed fund of $2,000,000 from a group of Nigerian Investors (lead by Altheus Limited) who believe we can dominate the Nigerian Travel Industry in the next 3 years based on our unique business model, the capability of the team leading this vision and the potential of the market size in Nigeria. We are also in further talks with an increasing number of interested investors outside the country who are beginning to take African and in particular Nigerian travel numbers seriously,” said Onyeka Akumah, Co-Founder and Chief Commercial Officer of Travelbeta.com.
Travelbeta will effectively utilize the fund in aggressive marketing, improving existing technology, boost staff strength and efficiency.
An estimated 21 million Nigerians travelled in and out of the country through airports in the last 12 months and only a paltry 300,000 of these tickets were done via online agencies.
Travelbeta has a team of Nigerian experts in the travel industry, managed by Oneyeka Akumah, the Chief Commercial Officer and founder of Anozim.
Akumah track record is second to none; he played pivotal digital marketing roles at Jumia, Konga and Wakanow.
Travelbeta has Wale Ayorinde as its Chief Technology Officer and David Asuku as Operations Manager