Social Networking Travel Site TripConnect.Com Secures $1 Million in Initial Venture Funding
Posted on: Tuesday, 12 September 2006, 12:00 CDT
NEW YORK, Sept. 12 /PRNewswire/ -- TripConnect.com (http://www.tripconnect.com/), the Internet's first-of-its kind social networking site for travel advice, today announced that it has closed $1 million of first round funding led by Masthead Venture Partners and individual private investors.
"Online travel is the largest single segment in e-commerce, and remains a robust area for development. By focusing on the idea of leveraging one's own personal network for travel advice, TripConnect.com is uniquely qualified to serve as a definitive source of reliable destination research for travelers everywhere," says Daniel K. Flatley, General Partner at Masthead Venture Partners.
Using social networking technologies, TripConnect.com helps people obtain travel advice from the most highly valued but under utilized source: friends and family. TripConnect.com answers need for trusted advice on destinations, hotels and activities by tapping into the knowledge resource that exists in one's social network, delivering users exceptionally useful advice and information.
"Empowering travelers with access to relevant, dependable information is at the core of TripConnect.com's mission," says Carter Nicholas, C.E.O. of TripConnect.com. "Masthhead has an unparalleled track record of success with early stage ventures, and we are pleased to have their support in developing this new endeavor."
About Masthead Venture Partners
Masthead is a venture capital firm investing in early-stage technology companies in software, Internet infrastructure, communications technology and IT intensive life science applications. Masthead partners combine over 100 years of successful experience in leading and financing companies from founding through public offerings.
http://www.mvpartners.com/
TripConnect.com
CONTACT: Laura Galloway, Galloway Media Group,laura@gallowaymediagroup.com, +1-212-260-3708
Web site: http://www.tripconnect.com/http://www.mvpartners.com/
Source: PRNewswire
Related Articles
- Logica Selects Appear as Overall Winner of the Global Innovation Venture Partner Programme 2009
- NonStop Riot Closes Series B Funding from North Venture Partners
- Rob Solomon Joins Technology Crossover Ventures As Venture Partner
- Sprout Closes $5 Million Series B Led By Polaris Venture Partners
- Salvatore Tirabassi Joins M/C Venture Partners As Partner
- San Diego Social Venture Partners Announce $1 Million Philanthropic Fund to Tackle San Diego's Environmental Challenges
- Kodiak Venture Partners Launches Board of Advisors and Names Two Inaugural Members
- Natural Gas Partners Appoints Oil and Gas Entrepreneur Mark A. Doering As a Venture Partner
- Norwest Venture Partners Teams With Reliance Capital & TV18 Group to Form India's First Online and Centralized Travel Services Company for the India Market
- Norwest Venture Partners Promotes Matthew Howard to Partner; Howard Recognized for Leadership Role in Airespace, Spinnaker Networks and Webstacks
 |
 |
User Comments (1)
| 1. |
Posted by Joe Jensen on 07/21/2009, 06:18 I also find Tripconnect very helpful in getting travel related advice…. |
RSS Feeds