Leavy.co, a Paris, France-based innovative travel community and marketplace, raised $14m in seed funding.
The round was led by Prime Ventures, with participation from Dominique Vidal, partner at Index Ventures.
The company intends to use the funds to launch its app that pays millennials to travel.
Led by Aziza Chaouachi, CEO and Chairwoman, joined shortly after by co-founders Yassine Ben Romdhane, Chief Operating Officer, and Mario Moinet, Chief Strategy Officer, Leavy.co provides a lifestyle app, designed to enable millennial locals to travel
The Leavy.co travel and community-driven marketplace allows members to earn cash in several ways:
– as a “Happy Leaver” – members leave their apartment and start their getaway with 100% guaranteed cash, no matter if their apartment is booked or not
– as a “Host on Demand” – other local members take care of the Happy Leaver homes listed and show their city to “City Explorers”
Additionally, members can be rewarded in travel credit – called Leavy Coins – when they invite their friends to join and inspire others with tips and recommendations, or when posting their favorite photos on the Leavy.co app’s feed.
Leavy.co’s community network has reached +65 000 millennials, of whom 60% are women. With offices in Paris, Amsterdam, London, Madrid, Rome, and Lisbon, they plan to open in the US by the end of this year.