Thursday, January 3, 2013

Expedia Invests In Room 77's $30M Round

Bellevue-based Expedia is a major investor in a new, $30.3M funding round for hotel room search engine Room 77, the startup backed by Concur, Rich Barton, Erik Blachford, and Spencer Rascoff. News of the funding emerged Thursday via a regulatory filing. Mountain View, California-based Room 77 also received backing in the round from Sutter Hill Ventures, General Catalyst Partners, Concur Technologies, Felicis Ventures, along with Barton, Blachford, and Rascoff. Room 77 was one of the first investments from Concur's new $150M travel startup fund, which it announced in November. More information »