Travel experience app Headout overcomes the Omicron surge, grabs $30M extra in investment
- ByStartupStory | February 3, 2022
Though the COVID-19 pandemic nearly at once devastated the commercial enterprise of journey reserving startup Headout, the agency has been capable of going back to boom as the home journey rebounded in recent months. The service, which allows clients ee-ebook tours, activities, and different reports and sports in towns across the world, added 800% boom seeing that January 2021 with the aid of using catering to home journey and neighborhood demand, rather than international. By July, the startup has become EBITDA profitable. And closing fall, it closed on $12 million in Series B investment. Now its current buyers have back to feature extra capital to Headout`s ultra-modern spherical.
Headout`s new $30 million spherical turned into led with the aid of using previous investor Glade Brook Capital, an organization that has sponsored different marketplaces like Airbnb, Uber, and Instacart. It`s joined with the aid of current buyers Nexus Venture Partners, FJ Labs, and 500 Startups, amongst others.
“We are now no longer actively raising,” notes Headout co-founder and CEO Varun Khona. “Glade Brook, an investor seeing that September, noticed the continuing boom that we`ve had and desired to double down on our investment,” he explains. As a result, Headout obtained some extra inbound requests, too, and, determined to shut on the extra funds. “The phrases that have been presented and the alignment that we had with them at the long-time period imaginative and prescient turned into so properly that it turned into simply very tough to mention no,” Khona added.
The agency, at this point, has survived demanding situations that would have in any other case ruined its commercial enterprise.
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