Wednesday, December 22, 2004

Kayak.com Secures $7 Million in Series B Financing;

CBS MarketWatch

"Kayak.com, a website that helps consumers get comprehensive and objective travel information, today announced the completion of a $7 million Series B financing round led by Sequoia Capital, a California-based venture capital firm. Kayak.com is only the third East Coast company Sequoia Capital has funded in the last two years.

The company has now raised a total of $15.5 million to create the next generation of online travel. The additional funding will be used to further product development and expand marketing."

1 comment:

Jen said...

They had the "names, and experience...now they have the money.....so will Kayak be "The Next Big Thing" in online travel?

Expedia, to me, are showing signs of what I call over maturation, making twists and turns to maintain their position but no innovation. Kayak seem the one to watch.