Consolidation in tours and activities as Musement acquires Triposo
Research shows the activities market was worth about $135 billion last year and predicts it will increase to $183 billion by 2020.
According to a statement, the deal brings together more than 12 million travelers across both platforms.
Musement was started in Italy in 2013, (Startup pitch here), to help travelers book tickets to popular attractions such as museums and galleries.
The company announced Series A funding of €5 million in early 2015 and said it planned growth in the US and some cities in South America.
A second round came about a year ago with $10 million in Series B announced.
Other milestones in the companies short history include its partnership with Germany-based activities reservation system Regiondo.
Last year it unveiled a mobile service alerting tourists of an offer or ticket when they approached an attraction. It then followed up the development with launch of a chatbot via Facebook Messenger.
Triposo was set up in 2011 as a trip planning and travel content system with apps for mobile devices.
The company raised just over $3 million in late 2015 bringing the total it has raised to about $9 million.
According to the statement, Triposo’s technology integration will mean Musement can offer a more intuitive and personalized content and booking options experience to its users in real time.
The content will be available via both Musement and Triposo B2C websites and apps as well as a joint API for B2B partners.
Research from Phocuswright shows the activities market was worth about $135 billion last year and predicts it will increase to $183 billion by 2020.
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