ImpulseFlyer, a private sale platform for hotels, gets seed funding from Neoteny Labs

Neoteny Labs, a Singapore-based tech startup incubator, has announced that they are leading a seed funding round in ImpulseFlyer, a private sale platform for luxury and boutique hotels.

The company is co-founded by Steven Gong, who is the CEO, and Andy Croll, the CTO. Steven had previous experience in the online travel industry and consultancy fields, while Andy has worked as a developer and consultant prior to joining the startup.

According to James Chan, Principal at Neoteny Labs, there is still room for growth in the Asian travel industry despite the existence of bigger players like Agoda, Zuji, Asiatravel, and Asiarooms, as well as global companies like Expedia, Hotels.com, and Booking.com.

This is largely attributed to the growing middle class in Asia’s emerging economies, who have an increased desire to see the world.

“Venture capitalists typically assess people, markets and idea, but when considering investments at such an early stage with little information, one can only practically consider people and execution. On both counts, ImpulseFlyer passed with flying colors,” said James.

He will be joining ImpulseFlyer’s board as part of their investment.

Neoteny’s portfolio includes ViKi, a site that lets users watch and crowdsource translations for foreign language shows, and Animoca, a mobile game development company.

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