TourWrist brings latest funding round to $1.25M, heavyweights liking the 360-degree views

December 3, 2012 By Leave a Comment

Not content with trousering $250,000 from winning the Travel Innovation Summit at the PhoCusWright Conference a few weeks back, TourWrist has added a further $1 million to its coffers.

The additional injection was led by Thayer Ventures (previous investor in Hipmunk and HotelMe) and individuals such as Jim Hornthal (chairman of Triporati and Travelocity alum), Robert Alter (Sunstone Hotel Investors founder) and Brad Ross (360iTours founder and president).

TourWrist says the seed investment comes ahead of an anticipated Series A round next year.

The $250,000 from its victory at the PhoCusWright event came via General Catalyst Partners, a previous investor in the likes of Airbnb, Kayak, Room77 and ITA Software.

TourWrist says the capital raise will help accelerate its technology road-map as well as marketing to hotels, cruise lines, tourism boards, online travel agencies and vacation rental providers.

The company initially got off the ground with $500,000 from friends and family.

NB: TourWrist in action, Royal Caribbean cruise liner:

Related posts:

  1. TourWrist wins the big enchilada of travel innovation with 360-degree video platform
  2. Ostrovok attracts online travel celebrities in latest investment round
  3. Vayant wins funding round, appoints new CEO
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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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