TripIt Raises $7M in Third Round of Funding

TripIt, a San Francisco, CA-based company which helps people organize and share their travel plans, has closed a $7m third round of funding.

The company has now received $13.1m in total investment, including $1m when it launched in 2007, $5.1m in 2008, and $7m in this funding, which was oversubscribed by interested investors.
The round was led by Azure Capital Partners and O’Reilly AlphaTech Ventures.
The new capital will be used to accelerate TripIt’s cloud-based web service to reach more business travelers, as well as new services for mobile and enterprise collaboration at global companies.
Earlier this week, the company announced TripIt Groups that gives business travelers an easy way to collaborate on travel planning with other colleagues inside their company.
Groups adds to other business travel services, including free mobile apps for iPhone, Android and BlackBerry, and the TripIt Pro premium service for frequent travelers.

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