What is TripIt?
Founded in 2006, TripIt operates as a comprehensive travel management platform, consolidating all travel itineraries, reservations, and documents into a single, easily accessible digital format via its mobile application. The company caters to a dual market, offering consumer solutions alongside robust business travel management tools. TripIt Pro enhances the experience for business travelers by providing advanced features for itinerary organization, real-time updates, and travel document consolidation, thereby optimizing efficiency for corporate travel.
How much funding has TripIt raised?
TripIt has raised a total of $13.1M across 3 funding rounds:
Series A
$1M
Series B
$5.1M
Series C
$7M
Series A (2007): $1M with participation from Ou2019Reilly AlphaTech Ventures
Series B (2008): $5.1M led by Founders Fund, O'Reilly AlphaTech Ventures, and Sabre Holdings
Series C (2010): $7M supported by Azure Capital Partners and Ou2019Reilly AlphaTech Ventures
Key Investors in TripIt
Ou2019 Reilly AlphaTech Ventures
O'Reilly AlphaTech Ventures is an investment firm with a long history in technology and business training, focusing on providing knowledge and insight to help companies succeed through their SaaS-based learning platform. They invest in topical and comprehensive technology solutions.
Azure Capital Partners
Azure Capital Partners is an investment firm that specializes in post-seed and early-stage companies at critical growth junctures, with a history of backing transformative technologies and supporting entrepreneurial expansion.
Founders Fund
Founders Fund is a venture capital firm that invests in significant and valuable companies across all sectors and stages, known for its founder-friendly approach and support for disruptive technologies.
What's next for TripIt?
The recent major enterprise-level funding and strategic investment indicate TripIt is poised for significant expansion. This capital infusion is expected to fuel further development of its AI-driven travel organization features and potentially broaden its service offerings to encompass a wider spectrum of travel-related needs. The company's focus on integrating diverse travel data sources suggests a strategy to become an indispensable tool for modern travelers, particularly within the corporate sector, aiming to solidify its leadership in the travel tech landscape.
See full TripIt company page
