TNF Ventures Incubates Flocations
Flocations.com Secures SGD 700,000 Pre-Series Funding Led by TNF Ventures.
Funding to Integrate Hotel and Flights Search by Price.
SINGAPORE, 11 December 2012 – “Where can I go for $200 this weekend?” Flocations Pte. Ltd., a popular online travel discovery tool, helping travelers answer that question, closed a pre-series round of funding, raising SGD 700,000 led by TNF Ventures. The investment is supported with additional capital from SingTel Innov8 and Singapore-based business angel Ben T Ball.
Flocations.com finds getaways and short-haul breaks for travelers in Southeast Asia, in a fun and interactive way. Flocations.com presents users with an interactive map comparing travel options based on price rather than the traditional date and destination. The funding allows Flocations.com to offer a new set of innovative features, integrating both hotel and flights into their search by price methodology.
Tudor Coman, Co-founder at Flocations.com, said: “This is an extremely exciting step for Flocations as this funding allows us to launch our new feature set that combine both hotels and flights into one price, in addition to the continuation and finance of operations across Asia Pacific. This means users can search for a whole vacation just by putting in their price and also lets them discover places they never even thought of within seconds!”
Shirley Wong, Managing Partner at TNF Ventures, said: “Flocations’ targeted market of short haul travellers and their search-by-price methodology is what’s powerful. It changes the paradigm of traditional travel search and tries to disrupt the travel market by targeting a niche market.”
Flocations graduated among the first batch of 11 start-up companies from the JFDI-Innov8 2012 Bootcamp earlier this year. It was one of two companies to be earmarked for investment by SingTel Innov8 immediately following the bootcamp demo day.
“We are excited about the innovation Flocations will bring to the travel space,” said Edgar Hardless, CEO, SingTel Innov8. “Everyone loves a bargain and Flocations changes the way travellers discover vacation spots, enabling them to learn about places they never considered within a budget.”