News Kayak founder Paul English has just raised $15 million in funding for his Lola Travel Co. is a shot in the arm for a travel tech industry stagnant since months. According to the news, Lola received a fresh infusion of capital from Charles River Ventures, General Catalyst and Accel.. Here’s a brief snapshot of a new company that says it’s going to provide on-demand, personal service to the world of travelers.
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JuiceCane, the Stackable Power Can for Techie Travelers
JuiceCane is a mobile, scalable power can that fuels the tech toys travelers need so much. With one single JuiceCan you can recharge an iPhone three times or use it to juice up an iPad twice. This gadget is extremely useful when there is no power outlet in sight or when you’ve forgotten to pack all the adapters you need to plug in your mobile devices when you travel from one country to another.
Travel Planning Site Hipmunk Gets $15M in Funding
Travel planning site Hipmunk has just received 15 million USD in its second round of investment led by led by Institutional Venture Partners (IVP).
Concur Invests Confidence and Money in Yapta
In travel technology news today, Concur, an integrated travel and expense management company, announced a $5 million dollar investment in the Yapta airfare and hotel rate tracking service. Accordingly, Cloncur will now use Yapta exclusively for their TripIt Pro user accounts.
Oyster.com Gets $10 million Boost from Travel Channel
The sun must seem a little brighter this week for folks at Oyster.com. In its Series B funding round, Oyster raked in $10 million from the Travel Channel and Bain Capital, a previous investor. The Travel Channel chipped in $7.5 million of the funding, taking with them a minority stake in the hotel-booking website. In […]
iBAHN Secures a $20 Million for Distribution of IPTV Platform
iBAHN, the world’s leader in digital entertainment and Internet solutions for hospitality, has secured a $20 million credit facility with JP Morgan Chase & Co. The new multi-year credit allows for continued growth and installation of iBAHN’s IPTV platform throughout premium hotels around the world.