Tripit, a service that helps people manage and share their travel plans, landed a $7 million Series C round of funding, led by Azure Capital partners. Existing investor O’Reilly AlphaTech Ventures (OATV) also participated. The round brings Tripit’s total funding to $13.1 million.
For someone who travels infrequently, the utility of having a third-party organize your trips may not be immediately apparent, but the site has earned strong endorsements from tech press (who tend to do a lot of traveling to various conferences). It made Time’s 50 best websites of 2009, the CNET Webware 100 List, and TechCrunch 40. Mike Arrington says he uses it everyday.
Tripit users forward their itinerary confirmation emails from virtually any travel site (Orbitz, American Airlines, etc—it can handle over 1000 different types), and Tripit basically does everything it can to make that useful. Through its various features, the site
- creates a master itinerary that combines all of a user's travel plans
- lets users export relevant info to personal calendars quickly
- provides info on weather, maps, and restaurants
- sends text message alerts with flight delays, and upon arrival with gate information
- offers ways to collaborate and share trip plans with friends and colleagues on Facebook and LinkedIn
- makes itineraries available on free Android, BlackBerry and iPhone apps
- tracks airline seat prices, in case prices drop and travelers become entitled to refunds, thanks to a partnership with travel tracking site Yapta.
Tripit CEO Gregg Brockway says the company will use the new funds for product development and marketing. I’ve pinged him to get a feel for how many of his users are frequent fliers (once a month or more) versus casual travelers (3-4 flights or less a year). I’ll update the post when I hear back. Update: Gregg says about 20% of Tripit users travel at least once per month.
The company was founded in October of 2006 and has about 15 employees. Its competitors include enterprise travel site Rearden Commerce, which has raised a whopping $240 million in venture capital.