You are on page 1of 3

Barclays TechStars Backs Sitata to Keep Travelers and Their Loved Ones Safe

Sitata, a Toronto-based travel risk company has been selected by Barclays Techstars to join their
London-based business accelerator. Sitata was chosen from over 500 company applicants. This
programme has become, arguably, the most selective fintech accelerator in the world.

London, United Kingdom, March 08, 2018 --(PR.com)-- Sitata, a Toronto-based travel risk company has
been selected by Barclays Techstars to join their London-based business accelerator. Sitata was chosen
from over 500 company applicants. This programme has become, arguably, the most selective fintech
accelerator in the world.

Over the next 13 weeks, Sitata will gain access to exceptional resources and unparalleled expertise to help
shape the next stage in Active Traveller technology. Barclays Techstars gives Sitata access to over 150
mentors spanning technology, venture capital, strategy, finance, travel, people and structural knowledge.

The funding from TechStars will ensure that Sitata is positioned to deliver on the next stage of their
product roadmap, building on their success to date.

“Sitata has been busy ensuring that North American travellers remain safe while away from their friends
and family, and Barclays Techstars will help us amplify this to ensure global travellers have the same
access,” said Adam St John, CEO of Sitata from London.

“I am very excited to invest in Sitata. Adam and his team are solving a fundamental problem faced by
millions of travelers worldwide whilst also assembling a rich data set that can be used by the insurance
industry to better understand its risk position and ultimately price travel related insurance products.
Sitata's platform keeps travelers and their loved ones safe and has great commercial applications -
something that customers, partners and investors love,” said Chris Adelsbach, MD Techstars Barclays
London.

The Barclay's Techstars success follows on from the launch of Sitata with Travel Insured International
last year. Travel Insured International is one of the largest Travel Insurers in the United States, offering
the highest quality worldwide travel protection for over 20 years.

Sitata
Sitata is a global health, safety, and risk management firm with headquarters in Kitchener, Canada. The
company uses artificial intelligence, machine learning, and innovative mobile technologies to keep
travellers safe when abroad. Their services span a variety of industries including insurance and finance,
corporate and student travel, travel management, and travel medicine.

Barclays
Barclays, Great Britain's second-largest bank, was founded in London in 1690 and now boasts more than
325 years of history & expertise in banking. With operations in more than 40 countries across the globe,
Barclays employs approximately 120,000 people and has £1.213 trillion in assets under management. A

Page 1/3
PR.com Press Release Distribution Terms of Use
2011 study ranked Barclays as the most powerful corporation in the world in terms of its contribution to
global financial stability. At the heart of Barclays' strategy is building on its strength as a transatlantic
consumer, corporate, and investment bank anchored in its two home markets of the United Kingdom and
the United States.

Techstars
Techstars is a worldwide network that helps entrepreneurs succeed. Techstars' founders connect with
other entrepreneurs, experts, mentors, alumni, investors, community leaders, and corporations to build
their growing roster of currently participating & alumni companies. The Techstars network operates
nearly 40 accelerator programs throughout the world, and provides a wide variety of mission-critical
services to innovative technology startups through its four divisions: Techstars Startup Programs,
Techstars Mentorship-Driven Accelerator Programs, Techstars Corporate Innovation Partnerships, and
the Techstars Venture Capital Fund. Techstars-supported companies have raised more than US $4.6
billion in funding. According to the Government of the UK, “Techstars classes itself as the number 1
startup accelerator in the world. They are very selective—whilst thousands of companies apply
each year, they only invest money and time in about 10 companies per program location. Their selection
rates are lower than the Ivy League, so you have to be among the best to earn investment from
Techstars.”

Page 2/3
PR.com Press Release Distribution Terms of Use
Contact Information:
Sitata
Tara McCallum
+1 (877) 571-1089
Contact via Email
https://www.sitata.com

Online Version of Press Release:


You can read the online version of this press release at: https://www.pr.com/press-release/747054

News Image:

Page 3/3
PR.com Press Release Distribution Terms of Use