WorldMate

Company Overview

Snapshot

Founded in January 2000, WorldMate operates with 11–50 employees. The company raised a total of $10.8M across two funding rounds from three investors. WorldMate was acquired by CWT in October 2012.

Business overview

WorldMate provides a comprehensive mobile application designed for travelers to plan and manage their trips. Its core technology enables users to book hotels and car rentals, organize itineraries, and receive real-time information while on the go. The platform also features Price Alerts and Counter Offers to help users find better prices or upgraded accommodations. WorldMate serves the travel and tourism industry, targeting both B2C and B2B segments within the business software sector.

Strategic signal

In January 2017, CWT announced the shutdown of the WorldMate travel concierge mobile app. This event signals a strategic shift away from the direct-to-consumer mobile application model for WorldMate under CWT's ownership, indicating a potential integration of its underlying technology into broader corporate travel solutions or a discontinuation of the standalone app.

Company Intelligence Q&A

What is WorldMate's primary business?

WorldMate develops a mobile application that helps travelers plan and manage their trips, offering features such as hotel and car rental bookings, itinerary organization, and real-time travel information.

When was WorldMate acquired?

WorldMate was acquired by CWT in October 2012.

What was the total capital raised by WorldMate?

WorldMate raised a total of $10.8M across two funding rounds.

Which investors participated in WorldMate's funding rounds?

In January 2012, Relay Ventures, Coldstream, and Creek Valley participated in a funding round. Relay Ventures also participated in an October 2008 funding round.

What was a significant operational change for WorldMate in 2017?

In January 2017, CWT announced the shutdown of the WorldMate travel concierge mobile app.