9 months ago
 

Lola raises another $15 million

On-demand personal travel app Lola has raised $15 million in a Series B round, led by new investor Charles River Ventures.

A statement said that the money will be used for “product development and to begin marketing an all-new version of Lola planned for this spring.

The new version is described as a “first-of-its-kind, mobile experience” and will include AI-assisted hotel recommendations.

The business was set up by Paul English, who co-founded Kayak. Last April it completed a $19.7 million Series A round.

Current investors General Catalyst and Accel have taken part in the Series B.

Related reading from Tnooz:

Travel startup Lola acquires Room 77, the hotel metasearch platform (Nov16)
Lola, a chat-based travel app for the post-OTA era, debuts: A CEO interview [AUDIO] (May16)

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Martin Cowen

About the Writer :: Martin Cowen

Martin Cowen is contributing editor for Tnooz and is based in the UK. Besides reporting and editing, he also oversees our sponsored content initiative and works directly with clients to produce articles and reports.

For the past several years he has worked as a freelance writer, specialising in B2B distribution and technology.

Before freelancing, from 2000-2008, he was launch editor for e-tid.com, the first online-only B2B daily news service for the UK travel sector.

 

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