Eddy Travels closes a $500k pre-seed round to scale its AI travel assistant

Eddy Travels, an AI-powered travel assistant bot which can understand text and voice messages, has closed a pre-seed round of around $500,000 led by Techstars Toronto, Practica Capital and Open Circle Capital VC funds from Lithuania, with angel investors from the U.S., Canada, U.K.

Launched in November 2018, Eddy Travels  claims to have more than 100,000 users worldwide.

Travellers can send voice and text messages to the Eddy Travels bot and get personalized suggestions for the best flights. Because of this ease of use, it now gets 40,000 flight searches per month — tiny compared to the major travels portals, but not bad for a bot that is available on Facebook Messenger, WhatsApp, Telegram, Rakuten Viber, Line and Slack chat apps.

The team is now looking to expand into accommodation, car rentals and other travel services. Eddy Travels search is powered by partnerships with Skyscanner and Emirates Airline.

The founders are from Lithuania: Edmundas Balcikonis, CEO, (previously founded and led as CEO TrackDuck startup, acquired by Invision), Pranas Kiziela and Adomas Baltagalvis. The company HQ is in Toronto, Canada.

Source: TechCrunch