Mygocu closes its first round: 463,000 euros to revolutionize travel and events

Mygocu, the collaborative, comprehensive, and data-driven digital solution to centralize the preparation, sale, and operation of group travel and events, announced today the closing of its first round of €463,000, including €146,000 in funding from Enisa.

The round also included participation from several executives and entrepreneurs from large and well-known companies in the tourism, technology, and entrepreneurial ecosystem sectors. Among them are: Javier Cabrerizo, Chief Strategy & Transformation Officer of HBX - one of the leaders in the B2B Traveltech sector with a turnover close to €8 billion and presence in more than 170 countries-; Aitor Chinchetru, co-founder of Fintonic -a leading fintech company in personal finance-; Daniel Pardo, co-founder of Idealista Data; Cristina Cruz, Chief Data and Architect Officer (CDAO) of Ferrovial; or Jorge Horno, Senior Experiential Creative Producer at Airbnb -a leading platform in the vacation rental market connecting hosts and travelers worldwide-. The round also included participation from Business Angels, Antai partners, and other entrepreneurs in this market.

The high interest caused by this funding round among investors confirms the potential of tools like Mygocu to manage and centralize the activity of companies and travel agencies dedicated to the sale, creation, and management of group travel, a business niche with potential but traditionally neglected in the tourism industry, despite representing 23% of total travel, according to YouGov data. According to Mygocu's estimates, based on reports from YouGov and Gartner, group travel generates a global technology expenditure of approximately €19 billion. Meanwhile, more than half of small and medium-sized travel agencies in Spain don't manage customer data and operations or do so using tools like Excel, Word, or even paper, according to the Segitur Report by KPMG and the State Secretariat for Tourism.

"This closing of the investment round marks a turning point for Mygocu. It gives us the opportunity to consolidate our presence in the digital solutions market for the Travel sector and large events, a sector with great potential," highlighted Ignacio Losas, CEO and co-founder of Mygocu. He also noted that "after working for 10 years in the leading Spanish snow travel agency in the university segment, and being a promoter of large events, as well as working on the creation of digital products at Ferrovial, I am certain that Mygocu can transform how group travel and events are sold and operated."

In this regard, Losas stated that "we live in a time where experiences are above material goods. When we travel or attend an event, we seek to be part of a community and at the same time feel unique. That is exactly what Mygocu seeks: to connect communities through unique experiences. We bet on hyper-personalization so that attendees and travelers feel unique, as opposed to the standardization that dominates the sector today. This financial backing allows us to strengthen our position in Spain and Europe, and continue developing our platform to adapt to the specific needs of travel agencies specialized in unique concepts, tour operators, and event promoters in niches like skiing, sports, or large festivals and MICE. Our goal is to offer experience creators a technological solution for non-technologists."

What is Mygocu?
The startup's goal, co-founded by Losas, is to connect the actors involved in group travel and mass events in a single digital solution. Mygocu is a SaaS that simplifies and centralizes the sale and management of group travel and events, integrating solutions usually dispersed across multiple programs, such as CRM, ERP, spreadsheets, and communication and marketing platforms. With Mygocu, it is possible to centralize all creation, sale, and management from a single platform.

Mygocu already operates in seven European countries, with a prominent presence in Spain, France, and Italy. The platform has managed more than 60,000 bookings for over 250 stakeholders and served more than 80,000 travelers and event attendees.

This startup has a founding team of entrepreneurs with extensive experience in the travel and technology world, co-founders of the number 1 Spanish company in university snow travel, with +40k travelers and a turnover of +€3 million per season and with more than 25 years of combined experience launching and scaling technological products in leading companies like Antai, Ferrovial, Revolut, Wefox, or BBVA.

Mygocu's various solutions are aimed at professionals and entities organizing group experiences, including outbound and inbound travel agencies, tour operators, event and music festival promoters, associations, universities, and student groups.

The platform facilitates the sale of group travel or events through the network of salespeople, influencers, or among agencies and manages payments within the sales process. Additionally, Mygocu simplifies operations and offers the travel or event organizer real-time access to booking data and availability of accommodations and other services, for data-driven business decision-making.