Australian startup Travello closes $952k investment

Australian startup Travello closes $952k investment

Visual of Travello homepage. August 2016

Brisbane-based startup Travello, which previously operated under the trade name of Outbound, has secured A$1.26 million ($952,944) in funding. The venture provides a social network for travellers and is being currently used in more than 200 countries.

This investment follows a capital infusion from a group of Queensland angel investors and a small pre-seed investment from the muru-D programme, backed by Australian telecom firm Telstra. The latest investment brings the aggregate equity financing in the firm to A$1.35 million ($1.02 million).

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