What's the current number of users and MRR ?

Hi Gabriel - great questions! Over 6,000 registered users with rich profiles on the platform, and we are now actively growing our user community. We are seeing 200-300 active daily users. We target to grow community to 50,000 users by end of 2024. We are pre-revenue with first trips schedule to start end of March thus generating commissions revenue. We are forecasting to reach USD30,000 a month by second half of 2024. Happy to answer any other questions! Regards, Dasha, CEO and co-founder

This may be a stupid question, could companies like Airbnb quickly copy your business model if you begin to gain traffic. As they already have the platform and traffic.

Hi Nick - very valid question. Big companies in adjacent spaces can attempt to copy what startups doing and develop fast given their funds/resources/users. That is the risk for any startup however (1) firstly these innovation areas may not be a priority for a big player at present (and does not seem to be specifically for Airbnb), and (2) secondly startups quickly build momentum, IP, specific know-how which help them to protect their position. In our case we have hundreds data points that use...

How will you differentiate your social travel app from the many already available, both now and in the future? What's the grand vision/endgame here?

Hi Mark - the key differentiation from other social travel apps is Floqsta’s proprietary social matching algorithms, based on AI/ML. These algorithms connect like-minded people into harmonious travel groups. Not only does the platform connect compatible travel companions intelligently but the connections/introductions are made proactively to the user in a push mode with a swiping user experience, like in dating apps. This approach enables the platform to be highly scalable whilst making it fe...

Not a question, more of a suggestion. "We can’t say it enough: we take your safety and privacy seriously." - that's from the website, but there is no page on the website expanding on what your processes are to weed out dangerous individuals. Or even how people could report a d...

Laila - as per your suggestion we now have consolidated Safety page on our website https://www.floqsta.com/safety-commitment

Can you share your thoughts on how often you will update us on how things are progressing with your goals and business plan? Secondly, do you intend to file the annual report with the SEC? Thanks for your feedback.

Hi Eric - I am sending quarterly investment updates to our existing investors. Annual reports - yes we have already filed certified annual reports for 2021, 2022 and 2023 to SEC as a part of crowdfunding raise process, and will continue that practice going forward.

Floqsta

Social travel platform connecting like-minded people with Artificial Intelligence

floqsta.com

Boston, MA

Technology Notable Angel Female Founder Travel & Tourism B2C

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LEAD INVESTOR

Invested $50,000 this round

I invested in Floqsta as they are approaching travel in a unique way – leveraging social and AI technologies to create engagement, travel inspiration and ultimately travelling companions. Given my background leading Travelocity, I am familiar with the equation of customer value, acquisition, and retention. Creating inspiration at an early stage in travel planning should lower customer acquisition cost and expand opportunities to monetize through advertising, commissions, and premium features. I have known Dasha for 15 years and have worked with several team members. She is a smart, experienced business leader who possesses the drive to overcome the challenges inherent in an early-stage company. She has assembled a high-quality team with backgrounds in travel, technology and social media.

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