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Travel Venture Capital News

Online Travel

UsingMiles co-founder, arrested for theft in 2011, gets 10 years for crime spree

Startup land has no immunity from scam artists. The Austin Veith case should spur investors and entrepreneurs to do due diligence on people whom you partner with.

Online Travel

Zetrip, another travel inspiration site, gets Inspiration Ventures funding

We need to be convinced that Zetrip offers something original in travel inspiration. Many in the overcrowded field can be uninspiring.

Short-Term Rentals

Airbnb raises $117 million in funding and could hit $2 billion valuation

This little chunk of change should help Airbnb spread its wings a bit and get into a few new households.

Short-Term Rentals

Airbnb looking at $150 million VC investment at $2.5 billion valuation

Will Airbnb be the next dot-bomb or a sustainable disrupter? Venture capitalist Peter Thiel and others are betting on the latter.

Media and PR

Social travel planning and sharing site Travellution raises €300k

Travellution is joining the travel social network party a good six months after the early entrants started pivoting or closing once they realized that there's already a travel social network called Facebook.

Skift Originals

QuickMobile raises $3.3 million in funding round

QuickMobile is addressing a huge market opportunity with its mobile solutions for meetings and conventions.

Airlines

Silvercar wants to re-invent the airport rental car experience, and it has an $11.5 million start

There's most definitely a need for a smoother airport experience, but breaking in at airports around the country will make Uber's tangle with the NYC Taxi & Limousine Commission look like a sweet dream.

Short-Term Rentals

Airbnb rival HouseTrip gets backing of top three European VC firms in $40 million deal

Accel Partners joins existing investors Balderton and Index to back what they see as a better alternative to Airbnb (and all of its clones) in the European market.

Skift Originals

TripAdvisor acquires Wanderfly to build out its social travel efforts

More of a tuck-in picking-up-assets acquisition for Tripadvisor as it ramps up its social travel efforts, as a layer on top of its giant behemoth of a machine.

Startups

UK’s Kabbee raises a multi-million dollar round for another solution to cab-hailing

Social travel planning sites are officially so last year. In their place we now have taxi-related tech startups that promise to make cab hailing so much better.