itravel | Updates

By Axel Schmiegelow

itravel secures additional financing of EUR 640,000 for expansion and acquisitions

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Dear Companists,

As we had mentioned in previous updates, we are preparing several very important steps in our continued development.

 

New Financing Installment

Building on our successful acquisition of Vermundo Reisen GmbH in 2016/17, we are preparing for an acquisition with which we will significantly increase the number of our employees in the areas of customer consulting, editing and programming and thus accelerate our growth this year.

For this purpose, we have agreed on a further financing installment of EUR 640,000 with existing investors and a new investor, as we only intend to take such a step on with the appropriate financial security.

 

Flight Search

Our technical team is working hard to develop additional important modules for our platform. We are currently in the process of finalizing an interface for flight search, which we are developing in cooperation with route planning specialists. Once the module has been completed, we will be one step closer to our goal of a flexible, route-optimized flight search conducted by the user himself.

 

Blockchain

In initial discussions with our banking and legal partners in the area of blockchain - and in consultation with the regulatory authorities - we defined a procedure to establish our blockchain solution as a "serious" industry solution that is recognized by the regulatory authorities. Thus our approach to a settlement token is prepared for a time in which the hype about "cryptocurrencies" may have given way to disillusionment.

 

Key Figures

Since the launch of our .com website in February, the organic reach (i.e. the number of users we reach without paid search engine advertising) has increased by +335%, as the following evaluation by a market-leading SEO software provider shows. This is another basis for our international growth:

 

Organic traffic

 

We are always very grateful for your support, many suggestions and questions, and are fully committed to pursuing our course of success!

Best greetings,

Axel, Gerald, and your team at itravel



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The shares of the Companists are subordinated profit-participating loans (partiarische Nachrangdarlehen). Such loans are shares in a business with similar characteristics as equity. If the company becomes insolvent or is liquidated, the claims of the Companists – just like those of all other shareholders of the company – will be satisfied from the assets in the insolvency or the assets in liquidation only after the claims of all other external creditors have been satisfied. Thus, Companists are treated like any other shareholder of the company during insolvency or liquidation proceedings.

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€ 3,142,500

Invested ( € 2.64M co-invested )

709

Companists

2.44 %

Share Offered

Please note
The acquisition of this asset involves considerable risks and can lead to the complete loss of the assets used.

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