116 Views

Musement picks up Series A funds

Musement, an online booking service for travel activities, has raised 5 million euros in Series A funding. The investors were P101, 360 Capital Partners, Micheli Associati and Italian Angels for Growth.

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Gogbot pulls in $20 mln

San Francisco-based Gogobot, a social travel site, has received $20 million in Series C funding. HomeAway led the round with participation from return backers Redpoint Ventures and Battery Ventures. In conjunction with the funding, HomeAway CEO Brian Sharples has been appointed to Gogobot’s board of directors. According to the company, the capital will be used for growth and expansion.

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Metamorphic backs travel search engine Wanderu

Wanderu has raised $5.6 million in Series A funding led by Metamorphic VenturesAlta Ventures also joined the round, which included 500 Startups, Barbara Corcoran Venture Partners, and individual investors Craig Lentzsch (former CEO of Greyhound), John Balen (general partner at Canaan Partners) and Brad Feld (managing director at Foundry Group), among others. The Boston-based company previously raised a $2.4 million round led by Alta Ventures. Wanderu, which targets Millennials, provides travel search engine services for bus and train rides.

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Travel startup GoEuro raises $27 mln

New Enterprise Associates has led a $27 million Series A funding round in Berlin-based travel planning startup GoEuro. Existing backers Battery Ventures, Hasso Plattner Ventures and Lakestar also participated in the round. The company, which allows travelers to schedule trips on planes, trains and buses, had previously raised a $4 million seed-stage round from Battery and Hasso Plattner. As part of the Series A funding, NEA General Partner Forest Baskett has joined the board.

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Intent Media nets $22.7 mln Series C

Intent Media said Monday that it has raised $22.7 million in Series C financing. Insight Venture Partners led the round with participation from previous backers Matrix Partners and Redpoint Ventures. In conjunction with the funding, Bradley Twohig of Insight Venture Partners has been added to Intent Media’s board. Based in New York, Intent Media is a provider of intelligent advertising solutions for travel firms.

Hipmunk Takes Off with $15M Series B

Online travel site Hipmunk announced on its blog today that it has raised $15 million in Series B funding. The round was led by  Institutional Venture Partners and includes Series A investor Ignition Partners. Hipmunk was founded in September 2010 by Adam Goldstein and Steve Huffman, founder of reddit, (which was acquired by Conde Nast in […]

Gas Prices Are High, But VC Interest in Travel-Related Startups Is Still Strong

With gas prices at multi-year highs, long-distance travel is getting less affordable than it’s been for a while. But that apparently hasn’t lessened venture interest in startups in the space.

There were two travel-related funding announcements so far this week. Oktogo.ru, an online hotel booking service for Russians traveling abroad, raised $5 million from Mangrove Capital Partners, ABRT and French fund Ventech VC. Meanwhile, London-based HouseTrip, which specializes in short-term apartment bookings for travelers, raised $2.7 million in a Series A funding round from Index Ventures. (See a list of half a dozen other recent fundings on the jump.)

Those were smaller deals. But with vacation home rental site HomeAway in the pipeline for an IPO, it’s now possible to get a glimpse of larger numbers in a fast-growing space. (HomeAway, which is seeking to raise $230 million in its public offering, had revenue of $153 million and net income of $17 million last year.) Additionally, the recent viral growth of Airbnb, a site for arranging short-term stays in accommodations, ranging from living room futons

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