TripIt receives $5.1m investment, to expand globally

Online travel organiser and social network TripIt has received $5.1 million in Series B financing from three investors: Sabre Holdings, O'Reilly AlphaTech Ventures and European Founders Fund.

Published: 18 Apr 2008

Online travel organiser and social network TripIt has received $5.1 million in Series B financing from three investors: Sabre Holdings, O'Reilly AlphaTech Ventures and European Founders Fund.

The investment will be used to expand development, marketing and support for travelers.

O'Reilly AlphaTech Ventures (OATV) is increasing its initial investment in TripIt after providing the company's $1 million first-round of financing in 2007. European Founders Fund (EFF) is a German investment group led by the Samwer brothers associated with several Internet companies in Europe, including alando (acquired by eBay) and Jamba! (acquired by VeriSign/Newscorp).

"TripIt exemplifies a new breed of web services that help us manage our personal data," said Tim O'Reilly, OATV, who added that TripIt adds a new level of integration between email and the web. "We have so many overlapping applications, and the next frontier is getting them to work better together."

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