Founders Ross and David Fastuca, who bought back Locomote.com and gained full control in July 2021 have raised 4m (capped) series B in only 27 days at a 30m valuation led by Escala Partners who manage High and Ultra High net worth family offices across Australia.
“COVID-19 was the worst crisis in travel history … [But] in the last eight months, we’ve signed on $100 million worth of travel volume and we’ve won customers against the biggest travel agencies in the world,” Ross Fastuca told The Australian Financial Review.
“We see ourselves as the company with the ability to scale as the industry scales back up. Since buying it back, it’s become a true marketplace for corporate travel.
“This is the start of our growth story. We’re not a traditional travel agency. Companies know they can jump on Locomote and everything they need is there. We’re connecting the best content and service providers around the world.” - Ross Fastuca, CEO
The platform connects companies to travel agents and suppliers across the world, and provides businesses with one platform to manage bookings, approvals and duty of care requirements.