Total amount raised
$229 Million
Latest funding date
08/01/2012
Location
KAYAK has successfully navigated through 7 funding rounds, attracting the support of 12 investors, including notable names like David La Placa and IVP. The company has also made strategic investments and acquisitions, such as its investment in Life House and the acquisition of HotelsCombined.
Keep reading to explore the intricacies of KAYAK's fundraising journey and the investors backing this innovative travel search engine platform.
What Is KAYAK?
KAYAK, headquartered in Stamford, Connecticut, is a prominent player in the travel industry. The company operates as a travel search engine, helping millions of travelers make informed decisions by comparing deals on flights, hotels, rental cars, and travel packages.
With an employee count ranging from 1001 to 5000, KAYAK has established itself as a significant entity in the Internet, Leisure, Search Engine, and Travel sectors. The company has been acquired by Booking Holdings, further solidifying its position in the market.
How Much Funding Has KAYAK Raised?
- Series A
- Amount Raised: USD 8,500,000
- Date: January 2004
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To launch and establish the platform in the competitive travel search market.
- Series B
- Amount Raised: USD 7,000,000
- Date: December 2004
- Lead Investors: Sequoia Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the platform's features and increase market reach.
- Series C
- Amount Raised: USD 11,500,000
- Date: May 2006
- Lead Investors: Accel
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance technology infrastructure.
- Series D
- Amount Raised: USD 196,000,000
- Date: December 2007
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To fuel international expansion and strategic acquisitions.
- Series Unknown
- Amount Raised: Not publicly disclosed
- Date: March 2010
- Lead Investors: IVP
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing growth and market penetration.
- Secondary Market
- Amount Raised: Not publicly disclosed
- Date: January 2012
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide liquidity to early investors and employees.
- Post-IPO Equity
- Amount Raised: USD 6,000,000
- Date: August 2012
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further support financial stability and growth post-IPO.
Total Amount Raised: USD 229,000,000. Current Valuation: Not publicly disclosed.
Key Investors
- IVP (Institutional Venture Partners)
- Details: IVP is a premier later-stage venture capital and growth equity firm. They have invested in over 400 companies, with 113 IPOs.
- Investment Focus Areas: Technology, Media, Internet
- Notable Investments: Twitter, Dropbox, Slack
- Accel
- Details: Accel is a global venture capital firm that partners with exceptional founders with unique insights. They have a long history of successful investments in technology companies.
- Investment Focus Areas: Software, Internet, Consumer
- Notable Investments: Facebook, Spotify, Dropbox
- Sequoia Capital
- Details: Sequoia Capital is one of the most renowned venture capital firms in Silicon Valley. They have a track record of backing companies that now control $1.4 trillion of combined stock market value.
- Investment Focus Areas: Technology, Healthcare, Consumer
- Notable Investments: Apple, Google, LinkedIn
- David La Placa
- Details: David La Placa is an investor who participated in the Secondary Market funding round for KAYAK. His specific focus areas and other notable investments are not detailed in the provided content.
- Investment Focus Areas: Not publicly disclosed
- Notable Investments: Not publicly disclosed
What's Next for KAYAK?
As KAYAK looks to the future, the company has significant opportunities to expand its market presence and enhance its technological capabilities. Leveraging additional capital through stock offerings, KAYAK can invest in new markets and improve its service offerings, positioning itself for continued growth in the competitive travel search industry.
Future fundraising efforts may involve further stock offerings or equity financing, supported by venture capital firms. This financial backing will be crucial as KAYAK navigates market volatility and increasing competition. The company must also stay vigilant against regulatory changes and economic downturns that could impact its growth trajectory.
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