Tech Company Financing Transactions
UpTake Funding Round
On 9/17/2008, UpTake announced $10 million in Series B funding from Trinity Ventures and Shasta Ventures.
Transaction Overview
Company Name
Announced On
9/17/2008
Transaction Type
Venture Equity
Amount
$10,000,000
Round
Series B
Investors
Trinity Ventures (Lead Investor) (Patricia Nakache)
Shasta Ventures (Tod Francis)
Proceeds Purpose
UpTake will use the new funding to achieve three main objectives for the company and its product. First, it will expand search beyond UpTake Hotels into new categories including: UpTake Lodging, UpTake Things to Do, UpTake Restaurants and UpTake Beaches. Second, UpTake will invest in its search technology to improve travel recommendations based on its analysis and filtering of collective intelligence. Lastly, it will pursue opportunities to grow the company through acquisitions.
Company Information
Company Status
Acquired or Merged
Industry
Internet & IoT
Mailing Address
654 High Street 220
Palo Alto, CA 94301
USA
Palo Alto, CA 94301
USA
Phone
Website
Email Address
Overview
Our mission is to help you make the best possible travel decisions based on your unique preferences. We are your first step when you are searching for where to go on your family vacation, a campsite and off-leash beaches for your pet-friendly trip, or lodging for your romantic getaway in Boston.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Co-Founder
Gene McKenna
President
Yen Lee
VP - Engineering
Clive Beavis
VP - Finance
Chris Hickson
VP - Product Management
Lesley Kao
Browse more venture capital transactions:
Prev: 9/16/2008: Medrium venture capital transaction
Next: 9/17/2008: Sapphire Energy venture capital transaction
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We do our best to report on every notable VC transaction. VC investment data records reported here are sourced from company press releases and news coverage. The information comes to us via our partnership with VentureDeal.com, an affiliated venture.
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