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 (firstname.lastname@example.org) and 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.
17/11/2011 : Travellution attracts seed funding, launches public platform