Distribution Strategies
TripIt raises $7 million
Trip management company TripIt has closed a third round of funding, receiving $7 million from a group of investors led by Azure Capital Partners and O'Reilly AlphaTech Ventures.
Published: 08 Mar 2010
Trip management company TripIt has closed a third round of funding, receiving $7 million from a group of investors led by Azure Capital Partners and O'Reilly AlphaTech Ventures.
These funds will be used to accelerate TripIt’s cloud-based web service to reach more business travellers, as well as new services for mobile and enterprise collaboration at global companies.
TripIt has now received $13.1 million in total investment, including $1 million when it launched in 2007, $5.1 million in 2008, and $7 million in this third round of funding, which was oversubscribed by interested investors.
Last week, the company also announced the launch of TripIt Groups - a new, free, opt-in service from Tripit that helps business travellers and their colleagues get even more from their travel.
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