The Spanish startup GuruWalk has obtained a €1 million investment for its seed round. The funding came primarily from mentors of the SeedRocket startup accelerator and was led by Harvard Alumni. This round was also made possible by a participatory loan from the Valencian Financial Institute (IVF).
Founded in 2017, GuruWalk is an international community that offers pay-what-you-please walking tours, or free walking tours. On their platform, travellers from all over the world have the chance to contact local guides for free. Likewise, any person with a passion to share his or her city has the chance to do so without having to be part of a professional association. Tours consist of guided visits of the most emblematic sites of a city, as well as themed visits or ‘alternative’ tours. Tourists pay a tip to the guide at the end of the tour, varying on the participant’s satisfaction with the experience. In just two years, GuruWalk has established connections with local guides in almost 100 countries.
After attaining this funding, the company has set its sights on obtaining new talented professionals who will be able to complement the strengths of the current GuruWalk team and bring added value. Furthermore, the startup is determined to establish itself in the Tourism Sector as the leading platform for pay-what-you-please walking tours.
In addition, GuruWalk expects to close another capital increase round next year. “Our company has a Series A Funding round pending that we expect to close before August of 2020,” stated GuruWalk co-founder, Juan Castillo.