Utrip raises $4 million for improved B2B trip planning service

Published on : Tuesday, February 21, 2017

UtripTravel planning service Utrip has secured a Series A investment round to the tune $4 million from a string of Seattle and Silicon Valley supporters.  The finance houses backing the company are Plug & Play, Tiempo Capital and Acorn Ventures. The company first emerged in 2012 (TLabs here) as a standard trip planning tool for consumers but has since added a sizeable white label and B2B focus to its strategy.

 

The new funding will be used to invest in its mobile platform and other IT projects, as well as bolster its white label infrastructure for industry partners. Utrip builds itineraries for users with recommendations for things-to-do and attractions in a destination as its core business plan.

 

Used by a number of organisations including tourism boards, hotels and attractions, Utrip is a front-end, planning service for web visitors. Founder and CEO Gilad Berenstein says:

 

“By emphasizing personalization and discovery for every phase of the travel lifecycle with our advanced artificial intelligence, Utrip allows its partners to be an integral digital companion for travelers in a way that seamless and economical for airlines, cruise lines and hotels to destination marketing organizations to points of interest.”

 

Previously, the company  raised $850,000 in December 2014 and $750,000 earlier in the same year, both as seed rounds. On the executive team, ex-Expedia CFO Michael Adler was added to its board and Chris Manderino (a former-manager at Microsoft and Dwellable) joined this month as chief operating officer.

 

With inputs from Tnooz

Tags: ,

Leave a Reply

Your email address will not be published. Required fields are marked *

arrow2Follow TTW
 
facebook-logo  twitter-logo  LinkedIn_logo  stumbleupon-logo   rss_logo 
ttw_blogger_logo  ttw_blogger_logo  ttw_blogger_logo

ADVERTISEMENT

  • 07 thehotelshowsaudiarabia 2019
  • 07 WTM Africa 2019
  • 09 travelmeetasia 2019
  • 10 Asia Pacific 2019
  • 10 Hotel Management Thailand 2019
  • 11 Bar and Restaurant Investment 19
  • 11 Digital Travel 2019
  • 12 kitf 2019
  • 12 Routes Europe 2019
  • 13 Food Hospitality2019
  • 14 SWTF 2019
  • 15 PATA 2019
  • 17 AITF 18
  • 17 getglobal 19
  • 17 itehk 19
  • 18 UITT 2019
  • 30 PATA

TRAVEL INDUSTRY EVENTS

    1. ibtm ARABIA

      March 25 - March 27
    2. Medical Travel & Wellness Conference 2019

      March 26 - March 28
    3. Deluxe Travel Market Ukraine

      March 26
    4. UITT 2019

      March 27 - March 29
    5. Deluxe Travel Market Kazakhstan

      March 29
Get our toolbar!
Review www.travelandtourworld.com on alexa.com