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| [November 15, 2005] |
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RealTravel Announces Seed Round Funding
LOS ALTOS, Calif. --(Business Wire)-- Nov. 15, 2005 -- Leading Travel Information Site RealTravel Secures $1 Million from Angel Investors
RealTravel (http://realtravel.com), a user-contributed driven travel information site that enables people to easily find and share travel information about destinations worldwide, today announced it has completed its seed financing of one million dollars from high-profile angel investors in the travel, media and social networking industries. Unlike other travel information sites, RealTravel combines travel blogging and social networking to provide travel shoppers with a more personalized and informative experience than currently exists online.
RealTravel lets travelers create personal travel blogs, or travel journals, with detailed route maps, embedded photos and recommendations, and allows them to easily share these blogs with friends, family and others. Travel shoppers can then easily find this travel information, including advice on hotels and restaurants, from like-minded travelers.
"This investment represents a strong endorsement from industry leaders of our vision to become the best site for relevant, detailed user-contributed travel information," said Ken Leeder, CEO and co-founder of RealTravel.
"The majority of travel information sites currently available online focus on quantitative, or price, or provide very basic, generic and anonymous information. In contrast, we saw a need to provide relevant, qualitative information to travelers. RealTravel's rapidly growing community is proof that we are fulfilling this need."
RealTravel officially launched in early October of this year.
About RealTravel
RealTravel is a travel information site that leverages blogging and social networking to provide a more personalized and informative experience to travel shoppers and a more effective venue for travel industry marketers than currently exists online. Visit us at http://realtravel.com.
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