Travel tech company has raised $8.5 million in funding led by and , the company said Friday.
Subscribe to the 蹤獲弝け Daily
The idea behind Toronto-based Sherpa is that the best border crossing experience is no border crossing experience, according to CEO . The company wants to make international travel as easy as domestic travel, and its technology allows travel companies to build travel requirements, such as visa applications, into their products.
Anyone whos traveled internationally and has needed a visa knows how much of a tedious process it can be. And the COVID-19 pandemic has only made the situation worse, as international travel restrictions, mandatory quarantines and other requirements are frequently changing.
During the COVID period, this is a problem thats always been big for the travel industry but its never been bigger, Tremaine said in an interview.
While other travel companies have struggled in the past year because of the pandemic, Sherpas been extremely busy because of demand for the product, Tremaine said. It added partners including , , 泭硃紳餃 .
Before the pandemic, Sherpa was primarily used post-booking and would process a few hundred thousand API requests per month. Now its processing more than a billion API requests per month.
Since were a tech company, we can build this stuff in and make it completely seamless, Tremaine said. We track millions of data points and make it so its easier for travelers.
The idea of Sherpa was already compelling pre-COVID, before all the talk of vaccine passports and other health documents to travel came about, according to , a partner at Narrative Fund. Anyone who travels or works in the travel space knows Sherpas product is overdue, she said.
Theres just a massive opportunity here, Wong said in an interview. And this past year, its an entirely new business layer and opportunity on top of what was already existing so it just multiplies the opportunity.
With the new funding, the company plans to add travel documents as an ancillary product, integrate deeper with the companies it works with, and expand internationally. Sherpas mostly been working with American companies, but use in Europe has increased significantly, and its beginning to work more within Asia and the Middle East, Tremaine said.
The companys workforce has grown from 16 employees in December to 26 at the end of April. It hopes to have more than 50 employees by the end of the year.
The round brings Sherpas total funding to roughly $9 million, according to Tremaine. Other investors in the company include , , , , , , CEO , and Expedia.ca founder
Illustration:
Stay up to date with recent funding rounds, acquisitions, and more with the 蹤獲弝け Daily.


67.1K Followers