Off & Away, which applies a Swoopo-like auction model to buying hotel rooms online, has raised $2 million in funding led by Seattle-based Madrona Venture Group. Madrona led the startup’s initial funding of $1.35 million earlier this year and CEO Doug Aley was previously an entrepreneur in residence at the firm.
Off & Away, an innovative travel startup that launched at TechCrunch Disrupt in New York, is launching a few new features today. Off & Away applies a Swoopo-like auction model to buying hotel rooms online.
The site features upscale hotel rooms at rock-bottom prices; Off & Away auctions off each reservation, and other people bid for the same room. To participate you need to buy bids… → Read More