Series A · Travel & Hospitality · Sofia, Bulgaria · Founded 2017 · 11–16 employees
LockTrip is a blockchain-based travel marketplace offering discounts of up to 60% on hotel bookings by eliminating intermediaries and connecting users directly with over 2.2 million properties in 190+ countries. The company raised $4.1 million in Series A funding from Australian travel giant Webjet in 2021, which acquired a 25% stake and has the option to acquire another 26% for $4.2 million if they integrate LockTrip's solution across all their websites. Founded by Bulgarian entrepreneurs Nikola Alexandrov and Hristo Tenchev in 2017, the startup pioneered the use of blockchain technology in travel booking and continues to show strong growth with booking volumes exceeding $500,000 quarterly. Their unique LOC token ecosystem burns tokens with each booking, creating a deflationary mechanism while enabling users to build passive income through referral networks.
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