yapta fare iq
466 days ago
 

Yapta receives $4.2 million in funding

In a filing today, Yapta, a Seattle start-up that provides travel price monitoring solutions, revealed that it had received $4.2 million in funding.

The filing with the US Securities and Exchange Commission showed that $4,219,843 of its offering had been sold and that it still has 90 days to raise additional money.

The financing round was led by Concur, the travel and expense management company, through its $150 million Concur Perfect Trip Fund.

Concur executives will not offer comment until Thursday at the earliest, Tnooz was told.

Yapta has now raised $20 million to date.

yapta fare iq

Said James Filsinger, CEO of Yapta, in a statement:

“This funding will enable us to build upon our investment in FareIQ, further strengthening our position as the industry leader in Intelligent Price Tracking for corporate airfare.

We will also be able to enhance our sales and marketing efforts and pursue other opportunities in corporate price tracking.”

Concur’s John Torrey, executive vice president of corporate strategy, has become one of the most popular people to know in travel start-up circles, thanks to the arrival of Concur’s fund (which recently invested in Evature) and the recent acquisition spree by Concur — which included snapping up TripIt and ConTgo.

Torrey was instrumental in Concur’s previous direct investment in Yapta in 2011.

See more from Tnooz about Yapta’s technology. Case study: How Yapta’s pivot from B2C to B2B is faring.

 
 
Sean O'Neill

About the Writer :: Sean O'Neill

Sean O’Neill is a New Jersey-based reporter for Tnooz. He's also a regular contributor to BBC Travel.

Follow him on Twitter, Google+, and his personal site .

 

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