Total amount raised
$803.3 Million
Latest funding date
7/1/2024
Location
Tripadvisor has successfully raised funding over 8 rounds, with the latest being a Post-IPO Equity round. The company is backed by notable investors such as Starboard Value and Technology Crossover Ventures (TCV).
Keep reading to explore the intricacies of Tripadvisor's fundraising journey and the investors backing this influential travel platform.
What Is Tripadvisor?
Tripadvisor, headquartered in Needham, Massachusetts, is a prominent online travel platform. The company operates in various industries, including e-commerce, hospitality, and social media, providing travel information, reviews, bookings, and services related to restaurants, experiences, airlines, and cruises.
Founded in 2000, Tripadvisor has grown to employ between 1001-5000 people. It is a public company listed under the ticker NASDAQ:TRIP and has been acquired by IAC. The platform is renowned for its extensive collection of over a billion reviews and contributions, making it a comprehensive resource for travelers worldwide.
How Much Funding Has Tripadvisor Raised?
- Series A
- Amount Raised: USD 2,000,000
- Date: September 2000
- Lead Investors: OneLiberty Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To fund initial operations and product development.
- Seed
- Amount Raised: USD 1,300,000
- Date: June 2000
- Lead Investors: OneLiberty Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To launch the platform and begin acquiring users.
- Post-IPO Equity
- Amount Raised: USD 160,000,000
- Date: July 2025
- Lead Investors: Starboard Value
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand market reach and enhance platform capabilities.
- Post-IPO Debt
- Amount Raised: USD 350,000,000
- Date: March 2025
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To refinance existing debt and improve financial flexibility.
- Post-IPO Debt
- Amount Raised: USD 500,000,000
- Date: July 2024
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To refinance existing debt and support strategic initiatives.
- Post-IPO Equity
- Amount Raised: USD 300,000,000
- Date: March 2021
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To fund growth and development projects.
- Post-IPO Equity
- Amount Raised: Not publicly disclosed
- Date: February 2018
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing operations and expansion.
- Post-IPO Equity
- Amount Raised: Not publicly disclosed
- Date: August 2016
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance platform features and user experience.
Total Amount Raised: USD 1,312,300,000. Current Valuation: Not publicly disclosed.
Key Investors
- Starboard Value
- Details: Starboard Value is an activist investment firm known for its strategic involvement in companies to enhance shareholder value. They have been a key investor in Tripadvisor's Post-IPO Equity rounds.
- Investment Focus Areas: Activist investing, value investing.
- Notable Investments: Not publicly disclosed.
- Technology Crossover Ventures (TCV)
- Details: TCV is a leading provider of growth capital to technology companies. They have a history of investing in high-growth firms and have supported Tripadvisor in its growth stages.
- Investment Focus Areas: Technology companies, growth-stage investments.
- Notable Investments: Not publicly disclosed.
- JPMorgan Chase Bank, N.A.
- Details: JPMorgan Chase Bank, N.A. is a major global financial services firm and one of the largest banking institutions in the United States. They arranged a $500 million Term Loan B Facility for Liberty TripAdvisor Holdings.
- Investment Focus Areas: Banking, financial advisory services.
- Notable Investments: Not publicly disclosed.
- Liberty TripAdvisor Holdings, Inc.
- Details: Liberty TripAdvisor Holdings, Inc. is the parent company of Tripadvisor, focusing on investments in the travel and tourism sector. They play a significant role in the financial structuring and strategic direction of Tripadvisor.
- Investment Focus Areas: Travel, tourism.
- Notable Investments: Not publicly disclosed.
- OneLiberty Ventures
- Details: OneLiberty Ventures is a venture capital firm that was an early investor in Tripadvisor, participating in its Seed and Series A rounds. They focus on early-stage investments in innovative companies.
- Investment Focus Areas: Early-stage technology companies, innovation.
- Notable Investments: Not publicly disclosed.
What's Next for Tripadvisor?
Tripadvisor's future looks promising with the recent $500 million Term Loan B Facility, which provides significant financial flexibility. This opportunity allows the company to refinance existing debt and invest in growth initiatives, capitalizing on a 13.18% revenue growth over the past year.
With the amended credit agreement, Tripadvisor can explore additional fundraising opportunities, enhancing its ability to make strategic investments. However, challenges such as market volatility and a negative P/E ratio may pose obstacles. Despite these hurdles, the company's high gross profit margin and strategic financial moves position it well for future growth.
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