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Booking Tech Platform Triptease Raises $9 Million: Travel Startup Funding This Week

Each week we round up travel startups that have recently received or announced funding. The total raised this week was more than $19 million in confirmed fresh funding.

gt;gt;Triptease, a London-based hotel technology startup, has raised $9 million in Series B funding, led by new investor BGF Ventures. Past investors, who have helped it raise more than $9 million before, include Notion Capital and Episode 1 Ventures, which also participated in this latest round.

Triptease will use some of the fresh capital to double its employee numbers across its London and New York offices and to open an office in Singapore.

The startup says that 17,000 hotels are using its software platform, to date. Its software aims to help hotels boost the number of customers who book directly through the engines on their websites and apps — as a cheaper channel than using third-party aggregators.

One year ago, Triptease received legal warnings from Booking.com to cease and desist from what the consumer reservations giant called unlawful accessing of its data. Triptease would display rates in a price comparison widget that it would install on hotel sites. The issue has since been dropped.

Triptease says its revenue has grown by 1,000 percent over the last six quarters, and that it has around 10 times the number of customers as any of its competitors, which include TravelTripper, Milestone, and Vizergy. The company says that one of the keys to its success in signing up hotels has been in holding live workshops in various locations.

gt;gt;Bizzabo, which aims to become “the Salesforce for events,” has raised $6.5 million in Series A funding. Strategic investors, Zvi Limon, Avigdor Willenz, and Danny Tocatly led the round. Past investors, such as LionBird and Kaedan Capital, also participated.

The investment brings Bizzabo’s total funding to $14.5 million. The company says its customers include GE, Virgin, USAA, and the Lean Startup and Bizzabo aims to manage and grow their corporate events. Located in Tel Aviv and New York, the company was founded in 2012.

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