Mobile Travel Technologies secures $5M investment push

June 7, 2012 By 2 Comments

Happy days at Mobile Travel Technologies as it welcomes a $5 million injection of funding from DFJ Esprit, one of the largest venture capital companies in Europe.

The Ireland-based technology company says the funding round will be used to expand the teams at its Dublin HQ as well as in the UK and Philippines.

This round of investment is the first external injection of funds since the company launched in 2005.

The company already has a diverse portfolio of customers in Europe and Asia, but the capital will also be used to spearhead its growth into new markets.

DFJ Esprit effectively acts as the European arm of Silicon Valley-based Draper Fisher Jurvetson, a VC group with around $1.1 billion in funds under management.

The company has previously invested in the likes of Baidu, Overture and Skype.

MTT claims to have doubled in size every year since 2009, working with a string of travel brands including EasyJet, Jetstar, Jumeirah Hotels & Resorts and Meliá Hotels International.

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  2. Flat-Club secures Series A funding, recruits managers for European push
  3. SiteMinder secures $5.1M investment package, plots global spread
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Kevin May About Kevin May

Kevin May is editor of Tnooz. He joined as a co-founder in August 2009 after spending nearly four years as editor of UK-based business publication Travolution.

Passionate about the business of travel and the internet, Kevin played a major role in establishing Travolution in print, online, events and with an annual awards programme, as well as becoming a regular speaker and moderator at industry events.

Prior to Travolution, Kevin was web editor at Media Week (UK) and also worked in regional newspapers for two years at the Essex Enquirer. He started his career in journalism at the Police Gazette at New Scotland Yard in London.

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