Room 77 Raises $30.3 Million In Series C Funding
Room 77 is a search engine company that helps people find the lowest price on hotel rooms. Based in Mountain View, California, Room 77 has raised $30.3 million in a Series C round of funding. Room 77 has raised a total of $43.8 million. Investors in this round include Expedia Inc., Sutter Hill Ventures, General Catalyst Partners, Felicis Ventures, and Concur Technologies. Other investors that participated in this round include Expedia founder Rich Barton, former Expedia CEO Erik Blachford, and Hotwire co-founder and Zillow CEO Spencer Rascoff. This round of funding will go towards scaling the product.
Expedia is getting especially aggressive with their investments and acquisitions. The company acquired a majority sake in European hotel search company Trivago for $630 million last month.
Room 77 gives details about each hotel room at a property like square footage, bed type, and whether rooms are available as a connecting room. Room 77 utilizes technology from Google Earth to create a “Room View.”
Room 77 said that the hotel vertical is “the largest and most profitable category in online travel.” The vertical generates over $165 billion in gross bookings per year. The company said that they are responsible for the booking of “hundreds of thousands” of hotel rooms in the past 9 months.