Venture Capital

OAG Gets Sold Again as it Pushes its Flight Schedule and Forecasting Service

OAG Gets Sold Again as it Pushes its Flight Schedule and Forecasting Service

Sean O'Neill, Skift

OAG was taken over by private equity in 2013, which retrofitted it with a focus on airline data services. But this once legendary brand will face tough competition from FlightGlobal and other players.

4 days ago

5 Travel Startups Rethinking Car Rentals Beyond Sharing

5 Travel Startups Rethinking Car Rentals Beyond Sharing

Sean O'Neill, Skift

A cluster of comparatively under-the-radar startups have caught our notice: Two let travelers book specific cars on lots rather than broad vehicle categories (like "compact"), two are bringing metasearch to car rentals, and one is a hidden jewel of Hawaii's tech scene.

1 week ago

TravelTriangle and Lola Each Raise $10 Million More: Travel Startup Funding This Week

TravelTriangle and Lola Each Raise $10 Million More: Travel Startup Funding This Week

Sean O'Neill, Skift

This week, TravelTriangle, an India-based online marketplace for travelers and agents, receives a fresh round of funding that brings its total raised to $19.9 million, while Lola, Paul English's startup for giving travel agents technological superpowers, has added $10 million to its Series B.

2 weeks ago

Oasis Receives $2.5 Million for Its Hotel-Style Home Rentals: Travel Startup Funding This Week

Oasis Receives $2.5 Million for Its Hotel-Style Home Rentals: Travel Startup Funding This Week

Sean O'Neill, Skift

Last year, AccorHotels took a 30 percent equity share in Oasis, a curated marketplace for luxury rental properties, while also investing in similar concepts like OneFineStay and Squarebreak. This week Oasis received $2.5 million from an "undisclosed investor." We wonder who might that be.

3 weeks ago

iCars Buys Limos.com in Crowded Corporate Travel Ground Transport Market

iCars Buys Limos.com in Crowded Corporate Travel Ground Transport Market

Sean O'Neill, Skift

The iCars merger with Limos.com makes the combined company a viable competitor against Blacklane and GroundLink, leaders in private car aggregation for corporate travelers. But all the companies need to step up their games. They need to deliver consistently quick responses to real-time bookings at multiple destinations via consumer-grade mobile apps.

3 weeks ago

5 New Travel Startups From China That Challenge the Status Quo

5 New Travel Startups From China That Challenge the Status Quo

Sean O'Neill, Skift

Chinese travel startups are innovating, not cloning, these days. For instance, Zanadu is using virtual reality to sell luxury travel in real world shops, Baoku is bringing integrated workflows to corporate travel planners, and Aipinji is applying an Uber-like user interface to an old-school wholesaler model.

3 weeks ago

TripActions Raises $14 Million to Trim Rogue Bookings: Travel Startup Funding This Week

TripActions Raises $14 Million to Trim Rogue Bookings: Travel Startup Funding This Week

Sean O'Neill, Skift

TripActions' funding adds buzz to a category of startups aiming to incentivize travelers to book travel more cheaply, while Bluesmart's fresh funding validates the electronic luggage category.

4 weeks ago

Stay Alfred Raises $15 Million to Bring Hotel Service to Short-Term Rentals: Travel Startup Funding This Week

Stay Alfred Raises $15 Million to Bring Hotel Service to Short-Term Rentals: Travel Startup Funding This Week

Sean O'Neill, Skift

Stay Alfred's $15 million Series A funding may pale next to the roughly $3 billion that Airbnb has raised. But the company — which services apartment rentals and aims for hotel-quality service — is part of a thriving wave of vendors providing an ecosystem of services around short-term urban rentals.

1 month ago

Airbnb Is in the Hunt for a $1 Billion Round of Funding

Airbnb Is in the Hunt for a $1 Billion Round of Funding

Olivia Zaleski, Bloomberg

On one hand extra cash in the bank helps when your IPO is hampered by regulatory challenges. On the other it's a testament to investors' faith in a great product. And sometimes it is both.

2 months ago

TripAdvisor Leads $5.2 Million Traxo Funding in Business Travel Push

TripAdvisor Leads $5.2 Million Traxo Funding in Business Travel Push

Dennis Schaal, Skift

As TripAdvisor evolves into more of a booking site than it is today, it makes total sense over the long term for it to get increasingly interested in corporate travel. Business travelers yearn for that elusive perfect trip, too.

2 months ago

Room 77 Investors Lost Half of Their Investment, Employees Got Nothing

Room 77 Investors Lost Half of Their Investment, Employees Got Nothing

Dennis Schaal, Skift

Like Hipmunk, Room 77 had an innovative product and talented team but ran into a buzz saw: the marketing clout of Google preferencing its own products, and Expedia, Booking.com and Kayak. Don't feel sorry for the venture capital firms receiving just 53 cents on the dollar. That's the game they play. The real losers are the angel investor and employees, although we're sure for many it was quite a ride nonetheless.

3 months ago

The State of Travel Startup Investment in 2016

The State of Travel Startup Investment in 2016

Dave Montali, Skift

While travel funding saw a decline compared to last year, investments are still flowing into the industry.

3 months ago