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.
Concur executives will not offer comment until Thursday at the earliest, Tnooz was told.
Yapta has now raised $20 million to date.
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 is a New Jersey-based reporter for Tnooz. He is also a daily contributor of consumer news to LonelyPlanet.com.
He used to work for BBC Travel, BudgetTravel.com, and Kiplinger's, and used to live in London, New York City, and Washington, DC.