StartupYard Announces its Third Successful Exit with the Acquisition of Russian Alum Travelatus

Six months after graduating from the Prague-based seed accelerator StartupYard, event travel service Travelatus joins forces with Munich-based Excursiopedia.

16 DECEMBER 2013, PRAGUE, CZECH REPUBLIC
Summary
Six months after graduating from the Prague-based seed accelerator StartupYard, event travel service Travelatus joins forces with Munich-based Excursiopedia to allow the company to offer more local activities to travelers. Founders of Travelatus will move to Munich to join the Excursopedia management team.

One week after opening applications for its 4th accelerator round, to start in April 2014, StartupYard is pleased to announce the acquisition of one of its 2013 alumni. Travelatus, a service specializing in music and sporting events travel, joined the accelerator in April 2013, alongside 5 other teams. Six months after Demo Day, they have been acquired by Excursiopedia. It’s the third exit for StartupYard, following Spectu last spring and PizzaTime (now DameJidlo.cz) in 2012.

Travelatus is a Moscow-based startup aimed at streamlining travel arrangements for music, sporting, and other events. The project started in November 2011 with 3 Founders: Valentin Dombrovsky, Vitaliy Korobkin and Denis Volkov. Travelatus was officially launched in June 2013. As part of the acquisition deal, the 3 founder team will move to Munich to join the Excursiopedia management team. There, they plan to help the company deliver on its goal of offering more local activities to travelers. Excursiopedia is an innovative social marketplace for tours and activities. It was founded by 3 Russian travel businessmen and is ranked among the top ten Russian startups by Pruffi Agency.

“Joining StartupYard had a great impact on our project. We got valuable advice, and living in Prague itself was a mind-blowing experience,” says Valentin Dombrovsky, co-founder and CEO of Travelatus.

“We are very happy for the Travelatus founding team. During the 3 month program, they achieved a lot and their progress were clearly visible. We hope they will continue to excel, and we look forward to seeing how they reinvent the event travel industry” says Cedric Maloux, CEO of StartupYard. “We are very happy for the Travelatus founding team. During the 3 month program, they achieved a lot and their progress were clearly visible. We hope they will continue to excel, and we look forward to seeing how they reinvent the event travel industry,” says Cedric Maloux, CEO of StartupYard. “Of course it would have been fantastic to see them continue to grow, but there is always the risk of failing as a seed-stage. This kind of decision can be very hard to make and we hope this was the best decision for them.”

Quotes
"Joining StartupYard had a great impact on our project. We got valuable advice, and living in Prague itself was a mind-blowing experience." Valentin Dombrovsky, co-founder and CEO of Travelatus
"Of course it would have been fantastic to see them continue to grow, but there is always the risk of failing as a seed-stage. This kind of decision can be very hard to make and we hope this was the best decision for them." Cedric Maloux, CEO of StartupYard
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About StartupYard

StartupYard is a seed accelerator for technology startups. Its goal is to help companies build viable products, launch fast and successfully raise capital. It follows the philosophy, methodology, and standard of world-class accelerators such as Y Combinator or TechStars.

StartupYard’s efforts were awarded by membership in the Global Accelerator Network in June 2012, and it is a member of StartupYard Accelerator Consortium CeedTech. Since September 2011 StartupYard has accelerated 29 companies, out of which 4 were acquired, 19 are still active, and 10 have raised investments for a total of $2.5 Million. For more information, read our blog, visit our website and follow @startupyard on Twitter.

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