Czech startup Daytrip receives funding for further growth

PFCNews

Despite the pandemic, the travel startup Daytrip is gaining additional capital for its development. Prague-based Pale Fire Capital is joining the existing investors J&T Ventures and Nation1. The money will be used to further develop the product and to position the company for the new growth of the travel market.

“In 2020, we were able to manage cash flow and refund canceled reservations in record time, thus strengthening customer confidence. Thanks to this, we are in a great position to regrow travel in the ‘next normal’, which represents a huge opportunity for our unique product and its further development. This is also confirmed by the interest of long-term thinking investors”, says founder Tomáš Turek.

“We see Daytrip as an excellent product with global ambition and a strong team. And regardless of the fact that the company is suffering greatly in the current pandemic, along with the entire travel sector, we want to support its further growth and believe in its even greater relevance in a world with covid19”, comments David Holý, Pale Fire Capital’s partner.

Daytrip is a global platform that provides tourists with long-distance transfers with local drivers. The startup was established in 2015 with the aim to offer tourists an alternative to the conventional modes of transport and a more authentic experience. Daytrip offers its services in more than 60 countries on 6 continents, most recently in the USA. Last year, it handled over one hundred thousand passengers with a turnover of 400 million crowns.