April 22, 2009 08:52 ET

Tripbase Secures $2 Million in Series A Funding

Cash injection for the award-winning travel site offering personalized vacation ideas and travel recommendations.

PALO ALTO, CALIFORNIA--(Marketwire - April 22, 2009) - Tripbase, the Internet's first discovery engine for personalized vacation ideas, today announced it has raised $2 million in Series A financing. Investment was led by an undisclosed A-list group of Bay Area investors.

Launched in May 2007, Tripbase is the online market leader for personalized vacation ideas and was named Travel and Leisure's Top Travel Website for Destination Ideas in November 2008.

Tripbase was founded with the aim of eliminating the laborious process involved in travel search and discovery online. Rather than sifting through mountains of online info, users simply enter in their vacation preferences (attractions, shopping etc.) then, in a matter of seconds, Tripbase analyzes information taken from over 22 million travel reviews to generate a personalized list of recommended destinations, flights, hotels etc.

Tripbase's travel search technology constantly scans the web for the most up to date data. The site's destination discovery engine then uses semantic search to match travelers' preferences with the most relevant information online, providing personalized vacation ideas based on over 20,000 travel destinations worldwide.

"The response Tripbase has received has been phenomenal," said CEO and co-Founder, Reuven Levitt. "This round of funding will enable us to expand our current offering and enrich our travel recommendation technology. 2009 is going to be a big year with regards to new directions and innovations so it's exciting times here at Tripbase!"

Tripbase's Road Trip Planner is the latest addition to the site's travel recommendation services, and is the only product of its kind on the Internet. It offers road trip ideas tailored to driving distances and vacation preferences, providing budget recommendations to a whole new segment of undecided travelers.

About Tripbase

Founded in May 2007, Tripbase pioneered the Internet's first "destination discovery engine". Tripbase eliminates the time-consuming and frustrating online search process by providing travelers with unbiased, personalized travel recommendations for their next trip. Tripbase was named Top Travel Website for Destination Ideas by Travel and Leisure magazine in November 2008.

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