BGF leads $9m series-B for Triptease

Existing investors including Notion Capital and Episode 1 Ventures also took part in the round.

The fresh capital will enable the company to invest in product development and to undertake expansion into the Asian market, with plans to open a new office in Singapore. It will also undertake a recruitment drive, aiming to double its headcount in its London and New York offices.

Previous funding
Notion Capital and Episode 1 took part in a $2m seed funding round for Triptease in February 2015.

A year later, the VCs jointly led a $7m series-A funding round for the business.

Company
Triptease is a London-based developer of software designed to increase hotels' direct sales to guests.

The company's product portfolio includes a price-check widget that hotels can install on their webpage to show room prices available through booking websites, allowing the customer to compare against the price offered directly on the hotel's own site. Triptease's price-check widget and other offerings are an attempt to allow hotels to cut out intermediaries when customers book and offer an identical price without relinquishing a cut to a booking site.

According to a statement issued by BGF, Triptease has increased its revenue by 1000% over the past year and a half.

People
BGF – Rory Stirling (partner).
Notion Capital – Chris Tottman (partner).
Triptease – Charlie Osmond (co-founder, CEO).

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• Topics
• Expansion
• UK / Ireland
• Consumer
• United Kingdom
• BGF (Business Growth Fund)
• Venture