What is Orbitz?
Founded in 2001, Orbitz, Inc. operates as a comprehensive travel services company, offering a wide array of products including airline tickets, lodging, car rentals, cruises, and vacation packages. Headquartered in Chicago, Illinois, Orbitz caters to a global clientele, providing essential booking and planning resources for travelers worldwide. The company's extensive service portfolio positions it as a key player in the online travel agency market.
How much funding has Orbitz raised?
Orbitz has raised a total of $660M across 3 funding rounds:
Series A
$100M
Series B
$50M
Stock Offering
$510M
Series A (2000): $100M with participation from Delta Air Lines, United Airlines, and AMR Corp.
Series B (2001): $50M led by Spirit, The Vanguard Group, Hawaiian Airlines, and US Airways
Stock Issuance/Offering (2007): $510M, investors not publicly disclosed
Key Investors in Orbitz
Delta Air Lines
Delta Air Lines is a U.S. global airline leader recognized for safety, innovation, and customer experience, focusing on operational excellence and award-winning customer service.
United Airlines
United Airlines operates flights across five continents, with a comprehensive route network and U.S. mainland hubs in major cities, headquartered in Chicago, Illinois.
AMR Corp.
American Medical Response (AMR) provides medical transportation services, offering ambulance and healthcare transportation solutions nationwide for emergency and non-emergency situations.
What's next for Orbitz?
The recent major strategic investment in Orbitz signals a phase of potential expansion and technological advancement. With a history of significant capital raises, including a notable stock issuance, the company is well-positioned to leverage this latest backing for strategic initiatives. This could involve enhancing its digital platform, expanding its market reach, or integrating new travel technologies to maintain a competitive edge in the evolving travel industry. The enterprise-level funding context suggests a focus on scaling operations and solidifying its market position.
See full Orbitz company page
