O'Reilly Media's corporate venturing unit led the $1m seed round for TripIt, which Nasdaq-listed travel group Concur has agreed to buy for up to $120m.
Nasdaq-listed travel company Concur has agreed to buy peer TripIt for up to $120m.
TripIt had raised $13.1m from a consortium led by publishing group O’Reilly Media’s corporate venturing unit, O’Reilly AlphaTech Ventures, which had provided the initial $1m seed round in 2007. TripIt’s other syndicate partners include travel group Sabre, which owns the Travelocity comparison service, and venture capital firms Azure Capital and European Founders Fund.
Concur is paying $27m in cash and about $44m in its stock at…
