AI-powered bot Eddy Travels lands $500K inaugural round for market expansion
PhocusWire | December 27, 2019
Eddy Travels, an AI-powered assistant that helps users find flights, has just completed its first major investment with a $500,000 pre-seed round. Techstars Toronto, Practica Capital and Open Circle Capital VCs led the round, which was mostly in convertible notes. There was also participation from angel investors in the United States, Canada and the U.K. The Toronto-based startup simplifies the travel experience by offering flight deals in chat apps such as WhatsApp, Telegram and Slack. Since its debut in 2018, Eddy Travels has grown to over 150,000 users and 50,000 monthly applied searches.