• Online Travel Network Operator TravelShark Raises $5 Million

    Robin Wauters

    Robin Wauters is the European Editor of tech blog The Next Web and lead editor of Virtualization.com. He was a senior staff writer at TechCrunch until his departure in February 2012. Aside from his professional blogging activities, he’s an entrepreneur, event organizer, occasional board adviser and angel investor but most importantly an all-round startup champion. Wauters lives and works in... → Learn More

    Tuesday, June 28th, 2011

    TravelShark (the startup formerly known as Swiftrank), which operates an online travel network, this morning announced that it has closed a $5 million round of financing from DLA Holdings, a Singapore-based private equity firm. TravelShark has raised a total of $8 million to date.

    TravelShark says it boasts more than 12,000 location-based travel websites, covering destinations around the globe, aimed to generate revenue for travel companies by driving direct bookings to hotels, resorts, spas, and more through its Featured Hotel Program.

    The company says more than 600 hotels and interactive marketing agencies in more than 20 countries currently participate in said Featured Hotel Program to promote global visibility. Partners include Intercontinental Hotels Group, MGM Resorts, TIG Global, and others.

    Company: TravelShark
    Website: travelshark.com
    Launch Date: August 2012
    Funding: $3M

    At TravelShark, our mission is to inspire discovery and empower travelers by creating the most personal recommendations in the world.

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