Zizoo closed a new multimillion-dollar investment round

first_imgThe procedure for renting charter boats, whether they are sailboats or motor boats, is not at all simple, so the team from Zizooa decided to change that.Today, after four years and after a significant growth of 300% in 2017, the founders of tech startups, including two Croatians, have successfully closed a new investment round, both with existing and new investors, such as Axel Springer, Mairdumont Ventures and aws Gründerfonds, writes ICTBusiness.infoThis is a multimillion-dollar amount in euros, and this investment will greatly contribute to expanding the company’s operations to smaller cruises, opening new markets and hiring 30 new employees. “We are very pleased to have started the year with an incredible growth of 300%, and we believe we will continue with similar growth in 2019. Our goal is to continue to educate the global tourism market about the beauty and benefits of a boat holiday. Although the DACH region is still our most important market, we plan to expand to France, Italy and Russia. As for destinations, Croatia remains the number one priority, but we still plan to expand our Caribbean and Mediterranean fleet. We are also working on expanding to a new product, vessels for smaller cruises.”, Points out Sinan Mašović, CFO and one of the founders of the company, and adds that Zizoo offers more than 15.000 ships in 530 destinations on its platform.Both the charter industry and the cruise industry have experienced rapid growth in recent years. Holidays on board are becoming a highly sought-after item, and it is this potential for huge growth that has brought Zizoou the opportunity to offer access to the global market to more than 1000 local charter companies he works with, valued at 33 billion euros, according to Future Market Insights. . “This investment opens up a whole range of new possibilities, from hiring twice as many new employees, to the opportunity to reach new clients, all with the aim of making booking a holiday on board as easy as booking a hotel room.”, Says Masovic. In the spring of 2018, Zizoo will announce a partnership with two major travel companies, which will further impact the company’s growth.In the investment round, some new players, such as PUSH Ventures, joined existing investors such as Axel Springer, Mairdumont Ventures and aws Gründerfonds. Zizoo has also expanded its management team: following the example of Anna Banićević, CEO and former Google employee, they decided to hire experienced employees with many years of experience in digital giants such as Kayak and Trivago. “Although there are a number of challenges, we are in an exceptional position and speed is important. The online market is growing, our team has a leading online position, and investors fully support us in the big vision”, Concludes Masovic.Zizo’s largest destination market is Croatia, while the largest number of users of their services come from Germany, Austria, Great Britain and more and more the USA. Their goal is to extend the season, because the weather conditions allow it, and to stimulate shorter leases for higher prices, because this opens a huge new market for clients who want to experience a holiday on a boat for the first time. In Croatia, boats are most often chartered by people between the ages of 35 and 55, but more and more young people (20-35) rent boats.Source: ICTBusniess.infolast_img

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