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April 17, 2008

TripIt Raises $5.1 Million in Series B Funding

Jason Kincaid

9 comments »

TripIt, the online travel assistant that debuted at Techcrunch40 and is one of the sites Michael can’t live without, has received $5.1M in Series B funding.

The main contributions for this round come from Sabre Holdings, O’Reilly AlphaTech Ventures, and European Founders Fund. This addition brings the site’s total funding to $6.1M.

TripIt’s main goal is to simplify travel. Users need only forward email confirmations from airlines, hotels, and other travel services, and TripIt generates a simplified comprehensive list of travel plans. TripIt recently launched a mobile version of the site, and also features Closeness Matches, which notify users when they are in the same region as a friend.

O’Reilly AlphaTech Ventures, which contributed to this round, was also responsible for TripIt’s $1M Series A funding round.

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This entry was posted on Thursday, April 17th, 2008 at 9:00 am and is filed under Company & Product Profiles. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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  1. TripIt Raises $5.1 Million in Series B Funding « The-social-network.info’s Weblog

    April 17th, 2008 at 9:22 am

  2. TripIt recibe 1,5M de inversión

    April 18th, 2008 at 4:44 am

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  1. Boris

    April 17th, 2008 at 11:45 am

    Wow, incredible! One of the highlights of Techcrunch40 at the time and one of those web services that it so extremely useful that I can easily see myself paying for. Wish I had some shares myself…

    Congratulations to everybody at TripIt.com

  2. Pete

    April 17th, 2008 at 11:59 am

    TripIt is incredibly useful. So is the post-beta revenue model to turn it into a subscription-only service with a little ad revenue on the side? Anyone know the pre-money valuation?

  3. Greg

    April 17th, 2008 at 1:29 pm

    I love the service, but they need to add more european airlines.
    At the moment its useless for most of my travel. I’m hoping they’ll add europe soon!!

  4. Chris

    April 17th, 2008 at 4:40 pm

    So..you’d be willing to pay someone a monthly fee for the privalage of them telling you what you emailed them prior? You’ve got to be kidding me.

  5. Pete

    April 17th, 2008 at 6:53 pm

    They will probably to pretty well considering most of the travel sites these days are pretty spammy….

  6. ron brinkmann

    April 17th, 2008 at 8:55 pm

    Man I wish LinkedIn would buy these guys - because I’d love to be able to see when my travel schedule coincides with my LinkedIn associates.

  7. Stefan Menden

    April 18th, 2008 at 6:22 am

    I wished they could understand more non-US travel bookings. In Europe, other startups are just taking their lead.

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