to use $10M in Austin Ventures funding for mobile and business travel revealed Austin Ventures has enriched its coffers with a $10 million funding round, which will use for a corporate travel solution, launching new mobile products and international expansion.

In tandem with the funding, rolled out for Business, a self-booking tool for corporate employees with functionality for travel managers.

“We estimate that companies overpay by at least 40% on car services when they don’t book with local suppliers,” says T.J. Clark, president and CEO of

In addition to the corporate push, is rolling out new mobile products and hopes to use the new funding to accelerate expansion internationally, Clark says.

In 2010, expanded into China, India and South America, the company says.’s original funding of $5 million came from Canal Partners.

With the funding, Austin Ventures partners Mike Dodd and John Thornton takes seats on the board of directors.

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Dennis Schaal

About the Writer :: Dennis Schaal

Dennis Schaal was North American editor for Tnooz.



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  1. Vicki

    Overpaying by 40%?? Good to know. Next time I will look into shopping local.


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