Tour Amigo lands $2M funding for further expansion

Funding will support advances of products and North America expansion

Tour Amigo, one of the fastest-growing B2B SaaS companies in the travel industry, announced today that it secured USD 2 million capital in a Seed round led by Singapore-based venture capital firm Wavemaker Partners, followed by 500 Global. 

This funding will fuel the continued development of the company’s groundbreaking business, reservation, and operation software solutions for multi-day tour operators and travel agencies.

The money will allow Tour Amigo to release "affordable" SaaS solutions for DMCs, FITs, and group operators through the support of its new investors and team. 

This follows the recent launch of Cruise Amigo, an unparalleled solution that simplifies booking, itinerary management, and distribution for river and expedition cruise operators.

“The rapid global growth of Tour Amigo is a testament to the strength of the product offering and the team”, said Murray Decker, CEO of Tour Amigo. 

“The funding will accelerate expansion into the North American market and support Tour Amigo’s growing enterprise clientele."

Expansion into North America will see Tour Amigo tap into this market to "better serve" one of the world's largest travel markets.

Tour Amigo said its commitment to innovation, customer-centricity and remaining technology-agnostic will continue to drive its growth. 

“Outdated booking and reservation systems often lack the integration capabilities to work seamlessly with various software providers, forcing operators to juggle multiple platforms and manual methods," said Andy Hwang, general partner of Wavemaker Partners.

"his leads to slow booking times, communication gaps between customers, suppliers, and agents, and limited customisation options.

He added: “In just its first year, Tour Amigo has secured numerous clients with long-term commitments.

"We’re truly excited to back them as they set a new global standard for tour operations.”