12/09/2021
The Venture Grade team is excited to announce their first official company exit! This investment has yielded a considerable return for the Venture Grade Fund.
In 2018, the fund invested $15,000 in the travel-based start-up “Trip Ninja”. Founded in 2015 by co-founder and CEO Andres Collart, Trip Ninja originally catered to the B2C market by helping travelers book inexpensive multi-city flights; however, their focus later shifted to the B2B market by helping travel agents navigate and expedite the complex flight booking process using machine learning algorithms.
In late November 2021, Trip Ninja was acquired by the company Webjet, operating out of Melbourne, Australia. Webjet is a large publicly traded firm, with a market cap just short of $2 billion (CAD).
We are thrilled to share this exciting news, and we congratulate Tripninja on their tremendous success!