Concur steps closer to Perfect Trip, reveals further investments
Concur has revealed a raft of new investments which are part of its $150m Perfect Trip fund.
On Tuesday, Yapta announced it had received $4.2m in a funding round led by Concur with the company today announcing it is leading a $2.5m series one funding of image-based mobile application and website Trover and a $1.6m seed round for StayNTouch, a cloud-based technology for hotels.
Travel and expense management specialist Concur began its Perfect Trip quest last November with a $2m investment in voice technology specialist Evature. The company has also invested in Nor1, Buuteeq, Room 77 and ClearTrip, not to mention its $82m acquisition of TripIt in January 2011.
Concur has previously invested in Yapta to the tune of $5m back in July 2011.