Online vacation rental company Escapia raises new cash |
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Online vacation rental company Escapia raises new cash
For the second time today, a Seattle online travel startup has scored new capital. This time it's Escapia, which has pulled in a $1.6 million round from existing investors Steven Murch, Buerk Dale Victor and Atlas Accelerator.
That followed a deal announced earlier today in which Seattle upstart Yapta raised $2 million. Yapta and Escapia, however, are on two different ends of the online travel segment.
Escapia provides a platform for vacation rental property managers, assisting them in the marketing of properties. The 9-year-old company says that its platform has fostered more than half a billion dollars worth of online vacation rental transactions.
"We're thrilled to have closed additional funding to accelerate development of our software platform and expand the breadth and sophistication of our online distribution," CEO Bill Furlong said in a statement. "Our investors see the opportunity to dramatically improve the ability of vacation rental managers to serve travelers looking online for vacation homes."
Steve Murch, the company's chairman, is a veteran in the online vacation rental category having previously founded VacationSpot.com. That Seattle company sold to Expedia for $87 million in 2000.
About John Cook
John Cook is co-founder and executive editor of TechFlash. He has been covering the technology beat for nearly a decade, writing about startups, entrepreneurs and venture capital, most recently serving as a reporter/blogger at the Seattle Post-Intelligencer.
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