Shep Selected for MassChallenge Texas 2018 Accelerator Program
Shep joins global network of startups
Austin, Texas, Feb. 21, 2018 – Yesterday, Shep was selected to participate in MassChallenge Texas’ 2018 accelerator program. Shep was one of over 520 startups to apply for the four-month accelerator located in Austin, Texas, and will join 84 other startups from across Texas and around the world.
“More than 70% of U.S. companies’ travel is ‘unmanaged,’ meaning employees are booking business travel on consumer sites without the supervision of corporate travel agents. There is a huge need for better tools to guide booking behavior and capture spending on consumer-focused sites like Expedia, Southwest, and Airbnb,” said Daniel Senyard, CEO of Complai and one of Business Travel News’ “2017 Innovators You Should Know.”
Shep will participate in MassChallenge’s Texas accelerator program, where it will receive access to MassChallenge’s global network, world-class mentoring from industry experts, tailored programming, free co-working space, and unrivaled access to corporate partners. The accelerator culminates on August 2018 at the MassChallenge Texas Awards Ceremony, where selected startups will pitch for the opportunity to win a portion up to $500K in no-equity awards.
Founded in 2016, Complai’s employee-centric travel tool, Shep, embraces the rogue spirit of modern business travelers by letting them book business travel on consumer sites while tracking their spending through a browser extension. Automated tracking helps small-to-medium enterprises save valuable resources on their second largest controllable expense, business travel.
Using a simple Chrome Extension, Shep delivers detailed policy information and reimbursement guidance at a glance. After a search, Shep outlines results that are compliant in green, helping travelers see which options are within the travel policy on sites like Expedia, AirBnB, Orbitz, and SouthWest. The extension then triggers a communication workflow, alerting managers to policy violations through email and Slack while allowing travelers to justify overspending. This eliminates uncertainty on both sides; the traveler knows instantly know what is expected of them and allowed, and the finance team is no longer in the dark about how much was spent.
Complai’s first product, Shep solves SME travel by helping businesses easily set up a travel policy, guide traveler bookings and track real-time spending on consumer sites through a simple browser extension and advanced reporting capabilities. For more information visit www.sheptravel.com.
Book What You Want, The Way You Should
MassChallenge is a global network of zero-equity startup accelerators. Headquartered in the United States with locations in Boston, Israel, Mexico, Switzerland, Texas, and the UK, MassChallenge is committed to strengthening the global innovation ecosystem by supporting high-potential early-stage startups across all industries, from anywhere in the world. To date, 1,495 MassChallenge alumni have raised over $3 billion in funding, generated over $2 billion in revenue, and created over 80,000 total jobs. Learn more about MassChallenge at masschallenge.org.