Yapta.com lands $2 million |
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Yapta.com lands $2 million
Seattle online travel startup Yapta.com has landed another $2 million in venture funding, with the cash to be used to continue development on its airfare and hotel monitoring service. The deal included existing investors Voyager Capital, Bay Partners, First Round Capital, Swiftsure Capital and others. Total funding in the 12-person startup now stands at $7.7 million.
Yapta is designed to keep people informed on the fluctuations of airfares and hotel rooms, similar in a way to what Bing Travel offers through the entity which was formerly known as Farecast.
“Yapta has made excellent progress in just two years, having disrupted an industry through innovative pricing technology and delivering on its value proposition of saving travelers money,” said Bill McAleer, managing director of Voyager Capital in a statement. “The management team has proven they have what it takes to generate recurring usage of the service and grow revenue, and I’m looking forward to working with them to advance the business forward.”
Yapta CEO Tom Romary said they plan to use funds to enhance the online tools to provide better information on when to buy airline tickets and hotel rooms.
The company provides rebates to customers if airfares drop below an initial purchase price.
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