Trip-planning site TravelMuse zooms ahead with $2M
TravelMuse, a web site and widget maker that allows users to make, save and book elaborate travel plans, has raised $2 million of an anticipated $3.9 million in debt and equity funding, according to VentureWire. Based in Los Altos, Calif., the company gained $517,000 of that oney from the conversion of promissory notes into preferred stock. It had raised $3.5 million in a first round of venture funding in 2007 from Azure Capital Partners, California Technology Ventures and a handful of angel investors.
In November, TravelMuse released a widget for travel blogs and web sites that would allow users to automatically import trip ideas and information to a centralized page on the company’s site. It competes with sites like Dopplr, Expedia and TripIt.
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About the Author, Camille Ricketts
Camille is the lead writer for GreenBeat. She came to VentureBeat from Google where she worked on its traditional platforms team, particularly in TV. Before that, she was a reporter for the Wall Street Journal in New York and London. Follow her on Twitter at @camillericketts, and follow VentureBeat on Twitter at @venturebeat.