Total amount raised
$803.3 Millions
Latest funding date
7/1/2024
Location
Tripadvisor has successfully raised funding through various rounds, including a notable Post-IPO Debt round. The platform offers a comprehensive suite of travel-related services, from reviews to bookings.
Keep reading to explore the intricacies of Tripadvisor's fundraising journey and the investors backing this influential travel platform.
What Is Tripadvisor?
Founded in February 2000 in Needham, Massachusetts, Tripadvisor is an online travel platform that offers a wealth of travel information, reviews, and booking services. The company was established by Eric Burin des Roziers, Langley Steinert, Nicholas Shanny, Steve Kaufer, and Thomas Palka.
Tripadvisor helps travelers plan and book trips by providing reviews and travel information for accommodations, experiences, restaurants, and more. The platform also features custom trip planning tools and highlights top travel experiences and destinations.
With a workforce of 1001-5000 employees, Tripadvisor continues to be a leading resource for travelers worldwide, offering a comprehensive suite of services to enhance the travel experience.
How Much Funding Has Tripadvisor Raised?
- Seed Round
- Amount Raised: $1.3M
- Date: June 2000
- Lead Investors: OneLiberty Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop the initial platform and launch the service.
- Series A
- Amount Raised: $2M
- Date: September 2000
- Lead Investors: OneLiberty Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the platform's features and grow the user base.
- Post-IPO Equity
- Amount Raised: Not publicly disclosed
- Date: August 2016
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To fund strategic acquisitions and enhance service offerings.
- Post-IPO Equity
- Amount Raised: Not publicly disclosed
- Date: February 2018
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support international expansion and technology upgrades.
- Post-IPO Equity
- Amount Raised: $300M
- Date: March 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To strengthen the balance sheet and invest in new growth opportunities.
- Post-IPO Debt
- Amount Raised: $500M
- Date: July 2024
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To refinance existing debt and improve financial flexibility.
Total Amount Raised: $803.3M. Current Valuation: Not publicly disclosed.
Key Investors
- OneLiberty Ventures
- Details: OneLiberty Ventures is a venture capital firm that invests in early-stage technology companies. They have a history of supporting startups through their initial growth phases.
- Investment Focus Areas: Technology, Software, Internet
- Notable Investments: Tripadvisor, Constant Contact, Endeca
- JPMorgan Chase Bank, N.A.
- Details: JPMorgan Chase Bank, N.A. is a leading global financial services firm providing a wide range of investment banking, financial services, and asset management services. They are known for their extensive banking and financial advisory services.
- Investment Focus Areas: Banking, Financial Services, Asset Management
- Notable Investments: Liberty TripAdvisor Holdings, WeWork, Uber
- Technology Crossover Ventures (TCV)
- Details: TCV is a private equity and venture capital firm that invests in growth-stage private and public companies in the technology industry. They have a strong track record of supporting companies through their expansion phases.
- Investment Focus Areas: Technology, Internet, Software
- Notable Investments: Facebook, Netflix, Spotify
What's Next for Tripadvisor?
Tripadvisor's future looks promising with the recent $500 million Term Loan B Facility secured through JPMorgan Chase Bank. This financial boost offers the company increased flexibility to refinance existing debt and invest in new growth opportunities. The travel industry is rebounding, and Tripadvisor is well-positioned to capitalize on this trend by enhancing its platform and expanding its services.
Future fundraising opportunities are likely, given the amended credit agreement that allows for increased restricted payments and investments. However, challenges such as significant price volatility and a negative P/E ratio could pose hurdles. Despite these obstacles, Tripadvisor's strategic financial moves and stable governance structure suggest a resilient path forward.
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