Funding round
Ferryhopper Series A
Ferryhopper, which works in ferry travel platform development in Moschato, raised $2.9M in a Series A round announced on 1 Jun 2020, led by LAUNCHub. 3 firms took part.
$2.9M
Amount raised
Not disclosed
Post-money valuation
3
Investors
1 lead
Valuation
What this round says about the price
Ferryhopper did not disclose a valuation in this round. It is Ferryhopper's first venture round on record, 4 years after it was founded in 2016. No later venture round is on record for Ferryhopper.
Ferryhopper's funding rounds
This is the only venture round on record for Ferryhopper.
- Series A this round 1 Jun 2020, led by LAUNCHub $2.9M
- Other not a venture round 28 Jun 2022, led by Piton Capital $5.3M
Investors
Who put money in
LAUNCHub led the round with 2 other firms.
Lead investor
- LAUNCHub backs 36 venture-backed companies new investor
Also in the round
- Metavallon VC new investor
- easyGroup new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
7 Series A rounds in Travel Agencies within a year either side disclosed an amount; the median was $8.7M, and this round was 33% of the median. The closest in time, other companies' Series A rounds in Travel Agencies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Travel Agencies | 19 Feb 2020 | $8.7M | not disclosed | Kaszek |
| Travel Agencies | 10 Dec 2019 | $5.5M | not disclosed | not named |
| Travel Agencies | 19 Dec 2019 | $2.1M | $53M | not named |
| Travel Agencies | 2 Oct 2019 | $11M | not disclosed | Stride and Kima Ventures |
| Travel Agencies | 8 Feb 2021 | $2.3M | not disclosed | HB Investments |
| Travel Agencies | 5 Sep 2019 | $16M | $150M | Telescope Partners |
| Travel Agencies | 5 Jun 2019 | $10M | not disclosed | Axon Partners Group |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did Ferryhopper raise in its Series A round?
Ferryhopper raised $2.9M in its Series A round, announced in Jun 2020.
Who led Ferryhopper's Series A round?
LAUNCHub led it, with Metavallon VC and easyGroup.
What was Ferryhopper's valuation at the Series A round?
It was not disclosed.
How does it compare with other Series A rounds in Travel Agencies?
7 Series A rounds in Travel Agencies within a year either side disclosed an amount; the median was $8.7M, and this round was 33% of the median.