VibeAgent Raises $3 Million for its Hotel Search Engine
November 18, 2008 (PRLEAP.COM) Travel NewsHollywood, CA – Tuesday, November 18th, 2008 – VibeAgent, the hotel search engine, announced today at the industry-leading PhoCusWright Travel Conference that it has raised $3 million in Series A investment capital to support its goal of becoming the world's leading hotel search engine.
"It can be very time-consuming to find the right hotel at the best price online," said VibeAgent Co-founder and CEO Adam Healey. "VibeAgent solves this problem by aggregating rates, availability, and content from over 30 travel sites, and adding a layer of intelligence to match each traveler to the perfect hotel. Our goal is to become the market leader in hotel search, and this investment is a milestone along that path."
VibeAgent.com helps travelers find the perfect hotel at the best available price. The site searches over 30 leading travel and hotel sites to consolidate rates, availability, and hotel content on over 140,000 hotels, providing its users access to the largest hotel selection and best room rates available online. Travelers can use VibeAgent's real-time price, location, and category filters to determine which hotel best suits their needs, and then see consolidated room rates from all the searched sites. This saves travelers from having to visit multiple sites to find the right hotel at the best available rate.
VibeAgent allows registered users to post and share hotel reviews with their own network of friends and colleagues. The company has also just launched the Hotelier Suite, which allows hotels to post or claim their hotel and manage their content directly on VibeAgent's search engine.
Investors participating in VibeAgent's Series A round consist of a small group of prominent executives in the software, travel, and private equity industries. Their investment follows on the angel round of financing the company raised last year from Trip Davis, the CEO of TRX, a publicly-traded (NASD:TRXI) travel data processing company. He sits on VibeAgent's Board of Directors along with the company's co-founders Adam Healey (CEO) and Charles Seilheimer (President and CFO). Davis also participated in the Series A investment round.
"VibeAgent tackles the biggest challenges travel consumers and hoteliers face," said Davis. "Consumers want access to the best information so they can make the right booking decision. Hoteliers and online travel agencies want to acquire customers through the most cost-effective channels. VibeAgent provides value to both parties. I believe this is the future of online travel."
About VibeAgent Inc.
VibeAgent.com is a hotel search engine. VibeAgent searches rates and availability for more than 140,000 hotels worldwide from 30 leading hotel and travel sites to find consumers the best possible hotel deals. Founded in 2006, VibeAgent is based in Charlottesville, Virginia. For more information, please visit www.vibeagent.com.