Distribution Strategies
DealBase.com raises $1m
Hotel deals website DealBase.com has closed Series A funding, totaling $1 million.
Published: 06 May 2009
Hotel deals website DealBase.com has closed Series A funding, totaling $1 million.
Investors include Russ Siegelman, an Affiliated Partner at Kleiner Perkins Caufield & Byers; Bob Zipp, MD of Amicus Capital and Josh Hannah, General Partner at Matrix Partners and former CEO of eHow.com.
The funding will be used to continue the development of the DealBase.com online service, including category expansion and the addition of international travel deals.
Launched only five months ago, DealBase.com claims to have more than 100,000 unique visitors (in March 2009).
The company has also announced upgrades to its service, including functionality that allows users to refine travel deals by categories of interest. For example, the 300+ Las Vegas hotel deals can be refined to reveal the 10 best deals at five-star hotels that include a spa credit or amenity.
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