WorldMate

Travel-planning App

Business Software
Acquired (Inactive) by CWT on Oct 2012 - closed due to acquisition

Company Overview

Snapshot

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

Business overview

WorldMate developed a comprehensive mobile application for travelers, enabling users to plan trips, book hotels and car rentals, organize itineraries, and receive real-time information while on the go. The platform provided features like itinerary management and price alerts for hotels. WorldMate operated in the Business Software sector, serving the travel and tourism industry with a focus on mobile platforms and interfaces for consumers, specifically travelers and tourists.

Strategic signal

In January 2017, CWT announced the shutdown of the WorldMate travel concierge mobile app. This event signals the conclusion of WorldMate's operational phase under CWT, indicating a strategic shift or consolidation within CWT's mobile travel technology offerings.

Company Intelligence Q&A

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 $10.8 million across two funding rounds.
Which investors participated in WorldMate's January 2012 funding round?
In January 2012, WorldMate received investment from Relay Ventures, Coldstream, and Creek Valley.
What was the strategic outcome for WorldMate in early 2017?
In January 2017, CWT announced the shutdown of the WorldMate travel concierge mobile app, marking the end of its active service.
What is WorldMate's primary business?
WorldMate developed a mobile application designed to help travelers plan and manage their trips, offering features such as hotel and car rental bookings, itinerary organization, and real-time travel information.

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