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Travel Venture Capital News

Online Travel gets $10 million from Daimler to expand into the U.S.

Car sharing services face their biggest challenges from gaining legitimacy from wary consumers as well as major players, such as the insurance industry. Backing from a car manufacturer goes a long way towards improving the odds on both of those.


Hotel reputation software firm Revinate gets $14.5M funding round

Good competition in the space from likes of ReviewPro, TrustYou & others and then generalist social media tools, this money will surely be needed to scale/compete. Rich Barton gold dust helps too.

Online Travel

Photo startups bloat: Everpix trying with $1 million funding to manage your photo bloat

Real need to manage photo bloat, lots of startups trying that, see Techcrunch's own "photo" tag for the bloat in the startupland. Jetpac is a travel industry native, and trying something similar in the vertical.

Online Travel

Jetpac gets $2.4 million in funding — social travel or album peering?

Pictures are worth 1,000 words and there seems to be that many social travel apps and sites. Most of them feature photo boards and images, and Jetpac is one of the latest entries.

Online Travel

OTA Yatra may have raised $14.5 million in Series D funding

This should help refill Yatra's coffers, as the investment amount if correct is just a few million shy of what it spent to acquire Travelocity's last week


Social-travel site CasaHop takes big step with $1.2M in funding

CasaHop might be called social tech rather than social travel because it is a heavy tech play in the home-exchange arena.

Online Travel

Gogo obtains $135M credit facility as IPO patiently waits in the wings

Give Gogo credit. The WiFi provider has to get working on its international expansion and can't wait for its IPO try to be sorted out. That may be the reason behind a $135 million debt-financing agreement.


Surf Air raises series A funding for members-only jet airline club

An all-you-can-fly pass on a jet flying between L.A. and northern California is a steal at $1,000 a month. How it will work when the bookings get filled up will be an early challenge.

Online Travel

Hotel Tonight will use $23M infusion to take app international

The book-tonight app expanded to Toronto and Vancouver recently but its backers have their eye on the European market.


Rail travel booker SilverRail pushes forward with $15M fundraising round