Travefy Raises $320K in Seed Funding

Travefy, a Lincoln, NE-based group travel planning startup, raised $320k in seed funding.

Backers included Columbia University (Lang Fund), members of the Nebraska Angels, Company X, a subsidiary of Campus Evolution, and Nebraska Global, among other angels. This investment followed an earlier angel investment from Linseed Capital (which also participated in this round as a part of the Nebraska Angels) in addition to a grant from the Nebraska Innovation Fund (Prototyping Program).

The company intends to use the funds to scale and commercialize the platform.

Founded in 2012 by David Chait, CEO, Travefy allows users to invite friends to travel, poll dates and locations, collaborate on details, book hotels, and manage expenses. The company has just released the beta version of a new management tool to track and settle group expenses. This tool was built in partnership with SlidePay, and a mobile app is due Fall 2013.

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