Travellution Raises over €400K; Adds Advisors

Travellution, a Paris, France-based travel website, has raised over €300k in its second funding.

The funds, which were provided by business angels and existing investors, added to a €100k grant from OSEO, a French quasi-governmental agency which funds the development of innovative companies in France.

Led by Italian Giacomo Bastianelli, CEO, the company operates a social travel planning website that aims to connect travelers who plan the same trip with similar interests.   The funding will help Travellution to expand its full-time staff (jobs@travellution.comand to deploy a redeveloped version of its site by 2012 year-end, which will include a graphical redesign and the addition of new features.

To continue to grow, the company has also moved its operations to Paris Incubateurs Nouveaux Medias and added two new advisors:
– Mr. Olivier Fleurot, CEO of MSLGroup, and
– Mr. Pierluigi Paracchi, entrepreneur and venture capitalist.

http://youtu.be/OVvwdRtn2DU

FinSMEs

17/10/2012

Related News:
17/11/2011 : Travellution attracts seed funding, launches public platform

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