Travel tracking app Polarsteps raises a new €900,000 investment
Industry leaders back Amsterdam-based startup's growth plan
02 AUGUST 2017, AMSTERDAM, THE NETHERLANDS
SummaryPolarsteps, the travel tracking platform, announced today that it has raised a new €900,000 in seed funding from some of the Netherlands' most successful internet entrepreneurs. In just two years' time, the startup has rapidly gained traction amongst travelers. The new funding round is used to hire engineers and further develop its product.
Polarsteps, the travel tracking platform, announced today that it has raised €900,000 in seed funding from some of the Netherlands' most successful internet entrepreneurs. In just two years' time, the startup has rapidly gained traction amongst travelers. The Amsterdam based startup plans to use the new backing to hire engineers and further develop its product.
The concept of Polarsteps is simple: schedule your upcoming trips and the app will do its magic. It checks your location from time to time, and plots the results on a colorful map where your family and friends can follow your adventures in realtime. As you approve suggested ‘steps’ and add photos, the travel log populates itself. The app also offers a wide range of statistics, such as trip duration, countries visited and distance traveled. When your trip is finished, an instant photo album can be generated with the push of a button.
“Just before heading off to a transatlantic sailing trip I created a small app that enabled me - through the use of a satellite phone - to track and share my route with friends and family at home”, says co-founder Niek Bokkers. “During the trip the concept went viral among fellow travelers, who loved the approach of telling their travel story on a stunning map and sharing it real-time with their loved ones at home. We decided to further develop it into an app for all travelers that helps them to automatically track and share their adventures in an easy and beautiful way.”
Polarsteps has been in stealth mode since 2015 and raised a €500,000 funding round in March 2016, which allowed the founders to quit their jobs and start working on the platform full-time. “Since we launched on Android last summer, we've been growing at a tremendous rate. It's amazing to see how people from all around the world are using Polarsteps to share their passion and wanderlust”, says co-founder and CEO Koen Droste. “Our community now counts over 200,000 travelers, who have used our app in 184 countries. We're excited to have been featured by bloggers, journalists and industry experts from all around the world, including a mentioning by Apple in their 2017 WWDC Keynote."
Whereas the app is currently mainly geared towards tracking your current trips, Polarsteps also wants to change how travelers discover, dream and plan their next vacation. "We believe that the current online travel experience is utterly broken”, says Droste. “Did you know the average traveler visits over 40 websites before booking a trip? We want to fix this by combining travel planning, tracking and remembering into one unified experience.”
The new investors of Polarsteps include some of the most successful entrepreneurs of the Dutch internet industry, such as Nalden (founder WeTransfer), Chris Ouwinga (founder Unit4), Janneke Niessen (founder Improve Digital), Heleen Dura - van Oord (founder DQ&A), Patrick Kerssemakers (founder FonQ), Laurens Groenendijk and Martijn Rozendaal (founders Just-Eat and Treatwell), Robert Gaal (founder Wakoopa, Karma) and Herman Kienhuis (River Venture Partners).
"We are exceedingly pleased to have found investors that not only believe in our vision and product, but also recognise our potential," stressed Droste. "At the forefront of our search was identifying partners that could, through their reach and experience, help us with our growth plans. Their expert knowledge and network are valuable and helpful and we're grateful for their backing and support."
Polarsteps for Android and iPhone can be downloaded at www.polarsteps.com/app.
"We are exceedingly pleased to have found investors that not only believe in our vision and product, but also recognise our potential. At the forefront of our search was identifying partners that could, through their reach and experience, help us with our growth plans. Their expert knowledge and network are valuable and helpful. We’re grateful for the backing and support of our investors who believe in the team and our vision for Polarsteps." Koen Droste, co-founder and CEO
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Polarsteps is helping over 5 million travelers across the world to plan, track, and relive their trips. The Amsterdam scale-up was founded in 2015 by a team of avid travelers with a passion for smart technology and cool design. The all-in-one travel app makes every part of the journey easier and more enjoyable: from the very first spark of travel inspiration to reliving it when it’s all over and done. The goal? To inspire and connect people across the globe through travel — so that everyone can express their wanderlust in a beautiful (and responsible) way.
Polarsteps – Make your way in the world
About the app
Easily use your travel bucket list to plan a trip and build your own editable itinerary. Once you're there, let us take over and plot your path on a digital world map that you can fill with your own photos, videos, and thoughts. Want to share your journey? Simply invite your loved ones along for the virtual ride. Finally, at the end of it all, you can create a beautifully designed Travel Book with the push of a button – turning your travel moments (the good, the bad, and everything in between) into lifetime memories.