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Home World Regional News South America

Wheel the World raises US$6M in a pre-Series A investment round 

Femi Thomas by Femi Thomas
03/15/2023
in South America
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Wheel the World Chile

Wheel the World Chile

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Wheel the World, a travel startup that provides inclusive experiences for people with disabilities, raised US$6 million in a pre-Series A investment round led by Chilean venture capital fund Kayak Ventures.

The deal also involved investment firms Detroit Venture Partners, Dadneo, Amarena, REI Co-op Path Ahead Ventures, CLIN Fund, WeBoost, and Gillian Trans, former CEO of Booking.com.

Alvaro Silberstein and Camilo Navarro, co-founders, and childhood friends revealed in an interview with TechCrunch that this funding will be used for customer retention and new user acquisition.

To this end, they plan to develop new products to help improve the customer experience in booking travel, accommodation, and group travel.

Over the next two years, they say, the company will focus on adding value to travelers with its platform, thus achieving new user acquisition and retaining customers in its largest market, the US. Sixty-nine percent of Wheel, the World’s users, come from the US.

Silberstein and Navarro founded this company in 2016, an idea that arose as a result of a car accident Silberstein had at the age of 18 that left him immobilized 75% of his body.

Sometime later, seeing the difficulties that people with disabilities have in traveling and getting around, they sought a way to develop inclusive experiences in tourist sites around the world with trained guides and all-terrain adaptive equipment.

The name Wheel The World comes from an expedition Silberstein made in a special wheelchair in Torres del Paine Park in Patagonia.

The startup has been making a difference in solving accessibility issues in the tourism industry ever since.

Today, Wheel the World has 22 domestic and international destinations in countries such as Chile, Mexico, the USA, Peru, and Tanzania. It is preparing for the next stage of growth that will be boosted by the investment round it managed to raise.

 

Read more on Tech Gist Africa:

Chile’s Datamart raises a $6.3M in a seed round

Chilean startup Buk raise $35M in a funding round

Chilean fintech Destacame raise $10M

 

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