Financial Inclusion

Travel Search Site Hipmunk Snares $20 Million In Funding

The flight and hotel search startup Hipmunk announced on its blog last week that it had raised $20 million in Series C funding. Oak Investment Partners led the way, which according to Hipmunk CEO Adam Goldstein has the necessary travel and mobile experience to really help Hipmunk thrive.

Ren Riley, general partner at Oak Investment Partners, said in the Hipmunk statement that his company was “eager to invest in great entrepreneurs and companies that are capitalizing on mobile trends.”

“Hipmunk has both of these qualities, and in less than four years, has developed an energetic user base, industry-leading cross platform integration, and key partnerships that we’re excited to help grow,” Riley said.

Goldstein and Steve Huffman, who also co-founded Reddit, created Hipmunk in 2010. According to the company website, Hipmunk’s goal is to “take the agony out of travel.” The site has a unique visual display that makes it easier for users to identify the best travel options, while also accounting for “agony” through its flight filter.

Looking forward, Goldstein recently spoke with TechCrunch, and explained that cross-platform continues to be a major priority for his organization.

“We’re not done with new verticals,” he told the news source. “We’ll add cars [i.e., car rentals] and other stuff, but we’re not done with flight or hotels, either. We’ll keep … trying to make that experience as low friction as possible.”

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