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The New $75 Million Venture Fund That Will Invest Heavily in Travel Startups

08/02/2013| 10:32:34 AM| 中文

Brad Gerstner, a serial angel investor in travel, and the hedge fund he founded and runs, Altimeter Capital, just closed on a $75 million venture capital fund that will be heavily involved in funding travel startups.

Gerstner, who founded hotel-search startup Room 77, tells Skift he will continue his personal angel investment blitz (Room 77, HotelTonight, Nor1, SilverRail Technologies, Space Monkey, Fundly, Farecast and Zillow) when the funding is $100,000 or less, but larger investments into private companies will come out of Altimeter’s new venture capital fund.

“This gives us a lot more dry powder,” Gerstner says.

The fund officially will target travel, Internet, software, and general consumer sectors, but you can expect there to be a heavy dose of travel as Gerstner says “there are a lot of companies at the intersection of internet software and travel.”

Read full story at: http://skift.com/2013/07/30/room-77-founder-starts-75-million-venture-capital-fund-for-travel-and-internet-startups/

 

TAGS: Altimeter Capital | Startup | Funding | Hospitality
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