Digital

Travel information brand Skift raises an additional $1.1 million in seed funding

@rafat

May 15, 2013 6:19 am

Skift Take

Expect a lot more from Skift, as we add new services and accelerate our growth with this new funding.

— Rafat Ali

Free Report: The Changing Business of Extended-Stay Hotels

Nine months ago when Skift launched, we promised a smarter worldview on travel, with a mix of news, information, and data services for professionals in the travel industry and professional travelers. Since then we have grown very fast, and Skift is now among the top sites in the travel industry.

To accelerate our growth, we have raised an additional $1.1 million in our seed round, from a great list of seed funds and mix of new angels and some previous angels. We are using this funding to double on our staff (from 5 so far to 10, in a month), build out the initial sales infrastructure, and continue building out our data services.

This new funding is led by Lerer Ventures and includes Ironfire Angel, MESA+, Advancit Capital, Growlab+LX Ventures (investing together). New angels investing in this round include Jason Calacanis, Michael Cunniff, Duncan Jennings, Sean Keener, Shakil Khan, Martin Nisenholtz, Paul Noglows, and Michael Yavonditte.

These investors join a previous group of media-tech angels, all of whom are listed in the factsheet below.

The full funding factsheet — including our progress so far — embedded below:

Download (PDF, 176KB)

For more on Skift’s vision, see “Building a Business Information Brand in 2013” presentation our CEO gave as a keynote tob the American Business Media Association’s 2013 annual conference.

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