V1’s latest investment: Headout, a last minute marketplace for tours, activities and experiencesPortfolio
We’re thrilled to announce our newest investment: Headout, an on-demand mobile concierge that helps travellers discover and book last-minute activities during vacations at great prices. Headout makes discovering new cities easy and spontaneous.
As frequent travelers, we have been watching this space for a while, but most players took a web-first, mobile-second approach. Web-first doesn’t make sense as travel experiences are typically something you book spur of the moment when exploring a new city (or a day in advance at maximum).
That’s why we were so excited when we were introduced to Headout. They have a beautiful app that lets you book travel experiences at unbeatable prices. Headout focuses on activities that are ready to be booked within the next 24 hours, curating the inventory of tour operators, activity providers, guides and other in-destination service providers. It’s these types of experiences that are typically hard for travellers to find, as they’re fragmented across vendors who don’t always have good tools to list their inventory online.
We’re super bullish on marketplaces and mobile, and Headout is a perfect use case that marries the two. There’s also a great team at the helm with Varun Khona, Vikram Singh, and Suren Sultania. They were part of 500 Startups accelerator, Batch 11. We have been extremely impressed by their hustle, execution and ability to create a beautiful product. This team has been thinking about how to re-imagine and re-engineer the way travelers discover the world for a long time, and we’re thrilled to be a part of the journey.
In this $1.8M seed round, we are investing alongside 500 Startups, Nexus Venture Partners, Arena Ventures, Maiden Lane Ventures, Funders Club, Haystack Fund, Ludlow Ventures, and many super angels.
Headout is currently in New York City and Las Vegas, with plans to launch in San Francisco, Los Angeles, Chicago and Washington DC in the next few months. If you find yourself in these cities soon, make sure to download the app on iOS or Android and try a new experience!
To learn more, visit https://www.headout.com/ or follow on @Headout_App on Twitter.