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Room 77 Closes $30.3M Series C Financing Round

By TechTaffy Desk

[Techtaffy Newsdesk]

Hotel metasearch engine Room 77  has closed $30.3 million in Series C financing with participation from new investor Expedia. The company’s existing investors also participated, including Sutter Hill Ventures, General Catalyst Partners, Concur Technologies, Felicis Ventures as well as Expedia’s founder Rich Barton, former Expedia CEO Erik Blachford and Spencer Rascoff, CEO of Zillow. This brings Room 77’s total capital raised to $43.8 million.

Dara Khosrowshahi  (President and CEO, Expedia):  We believe metasearch is an increasingly important model and complementary to our travel transaction businesses.

Room 77 expects to use the additional capital to grow its team, expand into new markets, increase investment in product, engineering and room-level content, and step up its marketing efforts.

Jim White, managing director of Sutter Hill Ventures, has joined the Room 77 board of directors. Additional financial details regarding the round were not disclosed.

 

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