Room 77 Reserves $10.5M
Room 77, the Sunnyvale, CA-based hotel room search startup profiled by Xconomy in February, said today that it has raised $10.5 million in Series B financing. The round was led by a new investor, Cambridge, MA-based General Catalyst Partners. Existing investors PAR Capital Management, Sutter Hill Ventures, Felicis Ventures, Expedia founder Rich Barton, and former IAC Travel CEO Erik Blachford also participated. The startup, which has raised $13.5 million all told, said the new funds will help it “increase its proprietary index of hotel rooms globally and expand its core search platform to offer more ways to help travelers shop and book hotels online and via mobile devices.”
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