itravel | Updates

By Axel Schmiegelow

You have reached your destination - the itravel campaign is about to end

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Dear Companists,

We are wrapping up our Companisto campaign with a final spurt this week.  Thanks to your support we have achieved a lot in 2018. The crowning glory of this is the fact that we are now about to conclude a contract with two major media partners, which opens up the prospect of doubling our revenue compared to our target figures with a target booking volume of EUR 30 million by 2021, while securing our goal of generating solid profits from the coming financial year onwards, despite continuing high investments in technology.

Since we know that some Companists are considering increasing their share or acquiring a new stake and there are only a few days left to do so, we will summarize our development to date this year and reveal as much of the upcoming partnership as we can in view of strict confidentiality regulations.

 

Successes of Q1 2018

At the beginning of the Companisto campaign we reported the following successes:

  1. Highest quarterly sales in our company history, up 82% on the previous year
  2. Acquisition of Vermundo Reisen GmbH completed
  3. Start of internationalization and launch of itravel.com
  4. Launch of the "for that moment" video campaign and improvement of our key figures by 44%
  5. More than 40 new partners and the addition of new exotic destinations Kamchatka, Turkmenistan, Paraguay, Zimbabwe

 

Successes of Q2 2018

We continued to build on this in the following quarter:

  1. Co-investment of leading venture capital companies first reaches EUR 1 million, then EUR 1.65 million
  2. Successful acquisition of SD Inspiring Travel GmbH, secured Schwetje Digital as a new investor and shareholder and increased itravel's valuation without any disadvantage for the Companists.
  3. HGB sales accelerated: 25% of the HGB sales target for the current fiscal year is secured in the first 4 weeks of the fiscal year.
  4. Media cooperations, among other things with Jumeirah hotels and the Elle and development of press work, including a detailed article in the Handelsblatt on the subject of glamping in southern Africa.
  5. Inclusion in the FutureLab of BNP Paribas, a promotional program for innovative startups with an international focus.

 

Successes of Q3 2018

Based on this, we achieved the following milestones:

  1. Secured Fresh & Bold Capital as a new investor and increased the co-investment to a total of more than EUR 3 million.
  2. Successful launch of the itravel insider program (www.itravel.de/insider) as an innovative bonus program to expand our already extraordinarily high customer loyalty. Special conditions apply to Companists. https://www.companisto.com/de/article/article-2667
  3. First issue of the magazine "for that moment - Reiseinspirationen" (travel inspiration) with a print circulation of 10,000 and in digital ePUB/PDF format, which was widely distributed in social media. Exceptionally high registration and order rate.
  4. Contract signed for a joint venture with Voyages Emile Weber for Luxembourg, France, and the Benelux countries with a target turnover in seven figures.
  5. Attracting National Geographic's German publisher as a partner, so that every itravel customer receives a high-quality travel guide.

 

Upcoming large-scale partnerships

As part of two new media and product partnerships, itravel will market thematically oriented trips together with strong media partners to a total reach of several million viewers and readers. itravel enjoys absolute exclusivity for several countries in Europe. Fixed sales targets have been contractually agreed in each case.

 

Sales expected to double in the current financial year

Based on the financing obtained and considering the marketing figures achieved since the beginning of the year, we expect a doubling of sales in the current financial year compared to the previous year.

 

Final spurt premiums for Companists!

As a sign of gratitude for the important role of the Companists in this decisive year, we offer all Companists the following benefits:

  1. 1. When allocating the premiums, we take into account the total amount of all investments, so that Companists who have invested in several installments achieve higher premium values! (For example, if a Companist invested EUR 500 twice, we will award this Companist a higher premium as if he had invested EUR 1,000). 
  2. We will double all premium values for all Companists who invest between 28.11. and 03.12.2018. (For example, if a Companist invests EUR 900, he receives a travel voucher worth EUR 200 instead of EUR 100; if he invests more than EUR 8,000, he receives a travel voucher worth EUR 1,600).

We look forward to the successful conclusion of our campaign at Companisto and thank you for your support!

 

Best greetings from your team at itravel,

Axel, Gerald, Dennis and the team



Comments

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Note

Investments in crowdfunding projects offer great opportunities, but they are risk investments. In the worst case, the entire investment amount may be lost. Consequently, these investments are unsuitable for retirement plans. However, there is no obligation to make further contributions. Investors can minimize their risk by splitting their investment amount between crowdfunding campaigns rather than investing all of it in one crowdfunding campaign. Professional investors often follow this strategy because it causes the risk to be distributed among several investments. In this way, successful investments can balance other less successful investments.

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.

The company information published on the Companisto website is provided solely by the companies. The projections made by the companies do not guarantee successful development of the company in the future. Consequently, crowdfunding investments are suitable only for those investors who can cope with the risk of a total loss of the capital invested. Investors make their own independent investment decisions and bear all risks themselves.

The investments are provided and issued by the individual companies. Companisto is neither the provider nor the issuer of the investments, but solely the internet service platform.

€ 3,350,000

Invested ( € 2.64M co-invested )

1005

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. The expected yield is not guaranteed and may turn out to be lower.
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