TripIt Raises $5.1 Million

It feels great to announce today that TripIt has raised $5.1 million from three world-class investors. Each brings something special to the table that will help us reach our goals.

Our first round investor, O’Reilly AlphaTech Ventures continues to be a terrific sounding-board on the evolution of the Web among other things. With 30% of our traffic coming from outside the United States already, international expansion is an exciting opportunity for TripIt.  We expect our second investor, the Samwer brothers at European Founders Fund to be super helpful in growing globally. Finally, having one of the largest travel companies in the world become our third investor is a terrific validation of our business, and Sabre Holdings (owners of Travelocity and many other travel services) has the potential to help us further accelerate our growth.

What will we do with the money?  First and foremost to continue to build out our vision for an indispensable travel utility that helps make travel easier. We’re thrilled to see how positively travelers are responding to our service today and can’t wait to see how they will react to all the terrific enhancements that the new funds will enable us to roll out. We will also be adding a few more people to the team in the areas of engineering, product management and community support, but we continue to believe that a small team focused on a specific problem is the best way to keep moving fast.

Of course, all work and no play makes TripIt a dull place, so tonight we’re going to enjoy ourselves. So, if you’re in San Francisco, please stop by the Connecticut Yankee (17th and Connecticut) from 4pm to 6pm and we’ll buy you a cocktail to celebrate!

- Gregg

Comments

[Andrew Ferrier]

Congratulations!

I use your service and I love it. Keep up the good work.

[Steve Tennant]

Congratulations!

I smiled when I saw your post - I've been to the Connecticut Yankee just once before - and that was to help one of my clients celebrate closing a Series A of funding. I guess it's where you go when you get funding!

Again, congratulations.

[beaulebens]

Just saw this post - congratulations guys, you deserve it! I think TripIt is an awesome blend of email/web technology, and a perfect way of aggregating all those clunky, poorly-formatted confirmation emails etc into one clean, sleek itinerary.

I'm organizing my second trip using TripIt right now and am loving it more and more.

Thanks, and keep it up.

Beau

[Morgan]

Good job securing more funds and investers' attention! As an early tester who sent in a few suggestions, I appreciate a live person getting back to me. I'm the best is yet to come. Unfortunately I'm not located in the Bay area, otherwise I'd pop in to apply for a job.