Travaxy

Travaxy is the world‘s first travel & booking platform that enables people with disabilities and senior citizens to plan and book accessible trips in a simple and efficient way.

484% of funding target

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By: Lioz Amar
Successfully fundedAngel Investment
Investment type:
Company Stage:
Category:
Travel

Highlights

Highlights

 

Completing the Online Booking revolution

During the last decade, a real revolution has taken place as the traditional tourism industry has become an online travel market, leading to a significant increase in the number of tourists and market size. The online booking revolution has been wildly successful, except for one significant failing – it has not succeeded in providing services to people with disabilities, who make up about 15% of the world’s population. Travaxy has created the first platform to provide a complete travel solution for the world's largest minority, effectively completing the worldwide online shopping revolution.

Innovative technology

At the core of Travaxy's platform is a unique algorithm that addresses the individual needs of users and offers them a wide range of personalized vacation packages. Travaxy's algorithm uses an artificial intelligence system designed to perform ongoing data processing, thereby enabling higher-level trips and maximizing the user experience.

Great market potential – making the online travel market accessible to the world’s largest minority

The disabled population numbers about one billion people worldwide, half of whom (516 million) live in the Western world. Today, the tourism market, which is one of the largest and most profitable global markets, is almost inaccessible to people with special needs. In order to plan a trip tailored to their requirements, they are forced to overcome complicated logistics. Travaxy solves these logistical issues and empowers the special needs community with the ability to travel as tourists.

A team of tourism experts

The Travaxy team is composed of tourism experts, technology, operations and marketing professionals who have a deep understanding of the tourism market for people with disabilities. Among the company partners are the “Daka-90” travel agency; Nashitz-Brandes-Amir; and Round Trip, which provides technological solutions for the world of tourism.

Pitch

Pitch

The Idea

The travel industry is one of the largest, most important and profitable industries in the world. 

Over the past decade, there has been a real revolution in the travel industry, with the vast majority of booking activity moving to the online world. This revolution has transformed the industry in terms of the amount of information available, from detailed planning to user experience, and has led to increased competitiveness, lower prices and a plethora of travel destinations. All of these factors have made the booking process a lot more efficient, and have led to a significant increase in the number of tourists and market size.

The online booking revolution has been greatly successful in terms of technology growth. Within a decade, it contributed to a 50% increase in the number of world tourists, but it did not reach the world's largest minority – people with disabilities, who make up about 15% of the population. For this group, estimated at one billion people, the online travel sites do not provide a solution, leaving this huge market segment somewhere in the 1990s in terms of economic inefficiency and social welfare.

 

The need

The existing online booking sites do not have the tools or knowledge to provide services to travelers with various disabilities; the possibilities are very few and often do not satisfy the special needs of the travelers. Things such as ordering an on-line flight ticket, booking a hotel room or renting an accessible car are not obvious for a disabled person. Most sites do not even have the option, and where there are certain services, they do not cover a whole vacation and are not done automatically, but require the traveler to spend a lot of time and energy on phones calls, emails and online searches.

As of today, travelers with disabilities must call or send an email to the service providers explaining their specific needs. This makes it difficult to reserve a vacation due to language gaps, physical challenges and additional restrictions, sometimes to the point of giving up the vacation altogether. The information scattered on blogs and websites is often outdated, so that a traveler with a disability may arrive at the site and suddenly discover that it is not accessible.

The solution

Travaxy is an innovative Travel & Booking platform designed for people with disabilities and those in need of assistance. At the core of the platform is a unique algorithm that identifies the specific needs of users, based on which, the system offers a variety of vacation packages tailored personally for them. Vacation packages include all the standard components, from flights and accommodation, to car rental and special tourist attractions.

In addition, Travaxy will also provide travelers with important information about relevant places of entertainment and accessible activities - concerts, sports events, extreme sports, museums, etc. - each user according to his or her specific abilities and desires. And all the information available in one place!

The Travaxy platform algorithm is based on an artificial intelligence system designed to perform ongoing data processing, thereby providing high-level, suitable trips while maximizing user experience.

 

 

How it works - UI for illustration

  1. The user enters the system and selects the type of service they need (flight, accommodation, car rental, cruise). When filling in the data, the user specifies their special needs, and then enters the information for the vacation package - date, destination and number of passengers.

 

  1. The system releases an output with relevant suggestions.

 

  1. If the user wants to make another reservation, the system is already familiar with his/her needs and knows what to offer.

 

  1. After completing their reservation, the user will be able to book activities and services at the destination and receive any other relevant information.

 

  1. The system will also be able to filter out opinions and recommendations of other visitors so that the user receives only what may be relevant to them.

 

 

Team

Team

Lioz Amar
CEO
Biography
Lioz Amar, founder and CEO of Travaxy, is an IDF veteran, a paralympic swimmer who represented Israel at the 2008 Beijing Olympics. Lioz is a programmer by training and is responsible for managing the company, characterizing the product and adapting it to the handicapped community.

  • Founder
Michal Benassayag
Marketing Manager
Biography
Michal Benassayag, founder and Marketing Manager - Michal is a tourism expert with over 20 years of experience. Michal started her career as a travel agent in the B2C field. She managed the Ista Ramat Hasharon agency and was a region manager in charge of 24 branches and over 100 employees. she was also the operations manager of Amadeus Israel, where she specialized in B2B fields.

  • Founder
Amichai Hazan
Technologies Manager
Biography
Amichai Hazan (Round Trip), Technologies Manager - Round Trip (a subsidiary of Round Robin) provides technological solutions to Amadeus Israel (Amadeus - the largest travel provider in the world). Amichai has 15 years of experience in management and development and is responsible for developing Travaxy‘s technological system.

  • Key Employee
Itai Green
consultant
Biography
Itai Green (consultant) - Itai is the founder and leader of the ITTS community - the Israeli start-up tourism community, with more than 200 start-ups. He has extensive experience in the world of tourism, leads Amadeus‘s innovation activity in Israel, and is a consultant for innovation in organizations such as Electra and others.

  • Advisor
Daka 90
partner
Biography
Daka 90 - A prominent and well-established tourism company with more than 20 years of activity in the global tourism industry. Daka 90 is a strategic partner in Travaxy‘s team and is responsible for the relationship with the supplier side, with an emphasis on ensuring attractive prices with the largest suppliers in the tourism world.

Updates

Updates

Currently there are no updates in this pitch

The financing rounds, made through the ExitValley platform, are in accordance with a model of statutory exemption from publishing a prospectus pursuant to sections 15A(A)(1) and 15A(A)(7) of the Israeli Securities Law - 1968.
Under this model, the disclosure of detailed information on the company and information about the investment in each round of financing are limited to not more than 35 investors, who are not qualified investors, and the round of financing is not in the format of an offering arrangement ("רכז הצעה"), as defined in the Securities Law.
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