BTP Automation

The Future of Corporate Travel Procurement

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Security Type
CAFES
Categories
Technology, Travel, Industrial, Transportation & Storage
Min Investment
$100
Location
Plano, TX
Expected Close Date
April 30, 2023
Target Raise
$50.00K-$1.00M
No. Investors
28
Security Price
$1
Website
btpautomation.com
Number of Employees
4
Cash
$75,033
Revenue
$0
Short Term Debt
$7,222
Cost of Goods
$0
Long Term Debt
$0
Net Income
$-941,414

Key Deal Facts

👔 Founders with deep domain knowledge & a prior exit. We know how to scale & sell businesses.
📈 Strong early sales pipeline of $4M. Just getting started in a $400B market.
✅ Service actually works -- quantifiable customer savings of 8%-14% (millions for large companies).
🤝🏼 Raised $2.3M prior. This is our community's opportunity before Series A.
🔥 Key customer reduced their hotel spend by 11.2% within the first month.
👏 BTP has delivered over $1M in savings to their customers year to date.

Management Team / Advisory Board Bios

Bruce Yoxsimer CEOBruce is a 25-year travel industry veteran, having owned various corporate travel agencies for 13 years before co-founding GetThere with Dan Whaley. GetThere built the first web connection to an airline reservation system, had a successful IPO in 1999, Dan Whaley ChairmanDan is a 25-year web technology and product veteran. He co-founded ITN/GetThere, the first online travel reservation company in 1994. GetThere raised $125M in 4 rounds, IPO’d in 1999 (NASDAQ: GTHR), and sold to Sabre (NYSE: TSG) in 2000 for $770M., Annette Cumming CRO Annette is a 30+ year industry veteran who has held previous roles as VP, Channel Sales at Deem, Head of NORAM Digital Hospitality at Travelport, and GM at American Express Global Business Travel., Adam Levy CTO Before serving as BTP Automation’s CTO, Adam ran data and analytics at Hertz Rent-a-car to optimize supply and demand decisions. Adam has a BS Integrated Business and Engineering, an MS in Industrial Engineering, and an MBA from Lehigh University., Fernando Avila Founder, VisionaryFernando is a 35-year veteran of business intelligence, corporate travel data management process and co-founder of the Business Travel Performance (BTP) Index. Fernando is pioneering an evolution that is changing the travel procurement world.
Amount Raised : $1,310,451
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Security Description

A CAFES (Contract and Future Equity Stake) can convert into different types of equity upon a Triggering Event, such as: common or preferred stock for a corporation, limited partnership interest for a limited partnership and membership interest for a limited liability company. At the time of the Triggering Event, the specific rights and limitations associated with the equity stake being issued to the investors will be determined and disclosed by the Entrepreneur.

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