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🦄 Unicorner Startup of the Week: Elude
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✍️ Notes From The Editors
With COVID-19 restrictions slowly lightening, the world is getting ready to travel again. But what are the best ways to coordinate plans? Elude wants to make it easy to visit the world without emptying your wallet—all with a neatly designed app. Hope you enjoy this article!
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Budget-friendly travel app
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Elude wants to make it easy and affordable to spontaneously travel around the world. After downloading the app, users answer a series of simple questions about their preferred travel destinations and budget. Using that information, Elude curates a list of comprehensive travel plans tailored to your preferences.
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💰 Business Model
Elude generates income through fees and partnerships with service providers.
📈 Traction and Fundraising
- Raised $5.1 million seed round with investors like ATX Venture Partners, Mucker Capital, Gaingels, Flight Ventures, Startup-O, Unicorn Venture Partners, and more
- Over 25,000 users currently signed up on Elude’s iOS app; plans are underway for its Android and web versions
👫 Founder(s)
- Alex Simon, CEO: Previously Global Business Manager @ Morgan Stanley, Business Manager @ Deutsche Bank, Business Dev @ Mercedes-Benz, International Business, Economics, Global Multinational Studies @ Rider University
- Frankie Scerbo, Chief Marketing and Creative Officer: Previously Regional Director @ EON, Assistant Manager @ GMB North America, Business Administration @ Rider University
💼 Opportunities
Be sure to mention you came from Unicorner when applying!
🔮 Our Analysis
Saying you’d like to travel the world is easy. But planning a solid travel itinerary within a budget can be difficult and time-consuming. Elude’s simple and intuitive design makes it easy to quickly find a number of diverse and affordable travel options with just a few clicks. Elude’s CEO Alex Simon told us that “being the first budget-first platform gives people the ability to find locations that they wouldn’t have otherwise searched through traditional platforms. We want to keep on the cutting edge of technology and make product enhancements that follow. We want to reach as many people as possible to show them what’s possible for their budget and time.” We hope to see the company soar in 2022!
📚 Further Reading
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Made with 💜 by the Unicorner Team 🦄
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🎁 Bonus Content!
Russia’s recent invasion of Ukraine threatens the livelihood, territory, and economic stability of the country as a whole. In terms of economy, prior to the war, Ukraine had one of the quickest growing IT sectors in the world. Many major tech companies (including companies like Google, Lyft, and Grammarly) currently have local research and development offices in the country. You can read more about what the war means for the future of Ukraine’s economy in this Wall Street Journal article.
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