Evaneos, a French startup that competes with traditional tour operators by providing a marketplace for tailored travel experiences, has raised $6 million in Series B funding early 2014, and $21 million during the next round in May 2016.
Founded by Eric La Bonnardière (CEO) and Yvan Wibaux (CTO), Evaneos provides an online platform to help travellers design, estimate the cost, and book a personalized trip by connecting them with local agents in each destination country, who then offer advice and assistance. These local agents are tourism professionals, also known as Destination Management Companies, who traditionally provide services to major tour operators. In that sense, it’s a classic online play that serves to remove the intermediary.
Evaneos makes money by charging a fee for each transaction on its website. It says the fee is much less than the margin typical of a tour operator and is transparent for customers — it’s paid by local agencies without increasing the end-customer price.