BACH, a Philadelphia-based app for bachelor and bachelorette trips, announced that it has secured $8M in funding led by Corazon Capital, with participation from Freestyle Capital, Oversubscribed Ventures, and Alumni Ventures.
Other investors, including Rich Paul (Lebron James’ Agent), Simon Tikhman and Chief Zaruk (A&E), Ken Levitan (Vector Management), and Mark Lawrence (CEO SpotHero), participated.
As a part of the funding round, Corazon Capital’s partner Phil Schwarz has joined BACH’s Board of Directors. The company will use the funds to accelerate product development and cement its position in the $200B leisure millennial travel industry.
What does BACH solve?
Organising and managing bachelor and bachelorette parties is one tough job. Myriads of factors like planning, coordinating group travel, and much more need to be taken care of to complete the trip successfully. In this fast-moving world, not many have time to sit and figure out the entire plan. And here’s where BACH’s platform comes in handy.
Available exclusively on the iOS platform, BACH solves pain points allowing groups to discover, decide, and plan in one place, including critical features like group chat, expense splitting, polling, and itinerary creation.
“We started BACH because we saw the massive need to make group travel planning easier,” says Mike Petrakis, CEO, and Founder of BACH. “We have strategically focused on the bachelorette market first – 95% of our users are female – to create a competitive wedge in the massive millennial travel industry.”
Market place for bachelor parties
Founded by Mike Petrakis, BACH is a marketplace that helps users groups plan, book, and organise bachelor and bachelorette parties. The app curates activities and also empowers group coordination and communication.
The platform collaborates with local providers and offers everything from private chefs to Instagram mural tours, goat yoga, ATV excursions, and ‘transpo-tainment options’ such as party buses and yacht charters.
“More than 2.5M couples are expected to tie the knot this year – that’s 15% higher than usual and the busiest season in 40 years,” says the company.
BACH says it is experiencing 100,000 monthly active parties on its platform and 800 unique bookable experiences across ten cities.
“Additionally, we thoroughly vet each experience and activity to ensure they uphold our brand standards and are the best of the best in each city for YOU,” says the company.
BACH has 4.8 stars in the iOS app store with 11,000+ reviews and is constantly in the top 100 apps in travel in the App store. Based out of Chicago, Corazon Capital is a venture capital firm focused on early-stage startups.
“BACH has developed a market-leading product for bachelorette parties,” said Sam Yagan, Co-Founder of Corazon Capital. “And even more interestingly, these party-goers have used BACH to organise group trips of all sorts: birthdays, anniversaries, and family reunions.”
“I’m gonna be honest – I was overwhelmed with planning this bachelorette party when I started. Then I found the BACH app! It was so easy to get the other girls to vote and decide on what to do. We booked some awesome activities through the app and had a great time. Phew!,” said one Bach user.