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Run Capital invests $600k in WeAtlas

0 6 August 2014

The fund Run Capital, launched in April of this year, has invested $600k in tour operator service WeAtlas. The money will be used for technological development and broadening their network of partners.

WeAtlas is a tour bookings service, which helps users to search for and book tour guides in various world cities. They work with guides in a number of different languages. According to the company, clients now have access to over 3000 tours in over 480 cities. WeAtlas was founded in 2012 by Nikolay Shevtsov. It has already received investment from the Foundation for Internet Developmen-Initiatives (it was also selected for the FRII acceleration programme in October 2013), as well as from the general director of tour agency network ‘1001 Tour’, Sergei Vatutin.

Stanislav Kosorukov, director of investment at Prostor Capital:

“The area that WeAtlas is working in is without doubt both interesting and promising. The global market in tour bookings is worth over $100 billion. Even if you just look at the figures for the Russian market, it accounts for 0.5-1% of that, which is no small amount. However this is still a young project and it is too early to make predictions about its future, especially when it has some strong competitors.”

One of the project’s competitors is Excursiopedia, bought in December of last year by Russain firm Travelatus. Another competitor is Tripster, another service connecting travellers with guides.


Top image via Shutterstock

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