AI-powered platform for premium individual travel & white-label SaaS for tour operators. Building the infrastructure layer for the next generation of personalised travel.
Seed Ask
15.8% equity · Pre-Money €4M
Year 5 Revenue
100% SaaS · ~96% EBITDA margin
SaaS Clients by Y5
3,600 Named Users
Total Addressable Market
Global online travel · €45B premium EU
Three structural failures create a single window of opportunity — and a 12–18 month first-mover advantage for an AI-native entrant.
56% of travellers in 2026 want private, tailored trips. 73% seek genuine cultural immersion. The standard offering delivers neither.
80%+ of agencies manage 4+ content sources with no integration. 41% cite manual processes as their single biggest growth constraint.
Discovery, booking and support run across 4+ disconnected systems. 95% of travellers believe AI will improve travel — virtually no operator delivers.
One platform. Pure SaaS revenue. Built AI-first from day one — validated in production with Individual Journey as a live proof-of-concept.
24/7 intelligent concierge that understands traveller preferences and generates fully personalised itineraries in seconds — across any destination, budget, or group composition.
Direct supplier connectivity, automated booking execution, and real-time price optimisation — removing the manual back-and-forth that costs agencies 41% of their growth potential.
Real-time assistance throughout the journey: rebooking, local recommendations, emergency support — turning a one-time transaction into an ongoing relationship.
Other tour operators license our full platform under their own brand. Scalable recurring revenue without additional operational cost — the B2B flywheel that turns every client into a data and distribution asset.
85,000+ travel agencies in Europe. Only 5% run integrated software. The window is 12–18 months.
80%+ of agencies want a unified platform — yet operate 4+ separate tools. Only 5% run integrated software today. No comparable AI-native travel agency with white-label SaaS exists in the DACH market. First-mover window: 12–18 months. (Sabre, TripWorks 2026)
Subscription acquires and retains. Commission scales with agency success — creating the compounding revenue engine that drives Year 5 EBITDA to ~96%.
Benchmarked: Navan $25–40, Tourwriter $149
The real lever is booking volume per agency
Each journey trains the platform. Every booking enriches the proprietary dataset that powers our data moat.
Pure SaaS model (Scenario B: €49/User/Month). Commission dominates by Year 3 — compressing EBITDA upward as marginal costs approach zero.
Year 5 Net Revenue
100% SaaS
Year 5 EBITDA Margin
~€39.0M EBITDA
SaaS Clients Year 5
3,600 Named Users
Profitable
Positive EBITDA from Year 1
| Line Item | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 |
|---|---|---|---|---|---|
| SaaS Platform Revenue | |||||
| Subscription revenue (€49/user/mo) | 35,280 | 117,600 | 352,800 | 882,000 | 2,116,800 |
| Commission income (4–5% booking vol.) | 525,000 | 2,520,000 | 7,776,000 | 19,224,000 | 38,400,000 |
| Total Net Revenue | 560,280 | 2,637,600 | 8,128,800 | 20,106,000 | 40,516,800 |
| Operating Expenses (OPEX) | |||||
| Tech team & development | 180,000 | 300,000 | 450,000 | 550,000 | 650,000 |
| AI / Cloud infrastructure | 36,000 | 72,000 | 120,000 | 180,000 | 240,000 |
| Marketing & sales | 60,000 | 120,000 | 200,000 | 280,000 | 350,000 |
| General & administration | 48,000 | 72,000 | 96,000 | 120,000 | 144,000 |
| Total OPEX | 324,000 | 564,000 | 866,000 | 1,130,000 | 1,384,000 |
| EBITDA | 236,280 | 2,073,600 | 7,262,800 | 18,976,000 | 39,132,800 |
| EBITDA Margin | 42.2% | 78.6% | 89.3% | 94.4% | 96.6% |
| SaaS Metrics | |||||
| Total SaaS clients | 15 | 50 | 120 | 300 | 600 |
| Named Users | 60 | 200 | 600 | 1,500 | 3,600 |
| SaaS ARR (€) | 560,280 | 2,637,600 | 8,128,800 | 20,106,000 | 40,516,800 |
| SaaS share of total revenue | 100% | 100% | 100% | 100% | 100% |
| Avg. revenue per SaaS client / month (€) | 3,113 | 4,396 | 5,645 | 5,585 | 5,630 |
Entry at €4M vs. €9.9M–€30.9M fair value based on AI SaaS benchmarks (8–25× Y1 Revenue). Built-in downside protection: 60–87% discount to market valuation.
For 15.8% equity at €4M pre-money. This capital funds us to operational profitability. Subsequent growth round possible but not required.
Built-in downside protection: Entry at €4M vs. €9.9M–€30.9M fair value = 60–87% discount to market valuation
Not features. Not positioning. Structural moats that compound over time.
Built AI-first from day one — validated with Individual Journey as a live proof-of-concept in production. Legacy players cannot replicate this without rebuilding from scratch. 60% of the Hot-25 travel startups of 2026 are AI-native.
Every Individual Journey booking trains the platform. Every SaaS client multiplies the dataset. 52% of operators don't know how to optimise for AI-powered search — this is where our data moat is built.
B2C travel provides data and revenue. B2B SaaS clients provide scale and distribution. Each feeds the other — creating a compounding flywheel that becomes structurally harder to displace.
No comparable AI-native travel agency with white-label SaaS exists in the DACH market today. Custom & Luxury bookings grew +81% YoY — the market is accelerating while the technology gap remains wide open.
Four phases. Each builds on the last. Series A readiness by 2029–2030.