Olset grabs first funding round, grows via personal assistant app
Olset, a start-up that makes an automated virtual travel agent, says today that it has completed its first tranche of external funding, securing $500,000.
The lead investor is Montage Ventures. Others pitching in funds include Plug & Play Tech Center, GVA Capital, XG Ventures, 500 Startups, and a string of angel investors.
Olset (pronounced “all set”) detects when a traveler may have an upcoming trip and autosuggests three hotels based on either their preferences or their Expedia, Priceline, and Orbitz booking history.
The startup, which is in San Francisco and has four employees, plans to use the funding to hire another engineer and “increase throughput and production”, says a spokesperson. It will continue to raise money as part of its February demo days in California and New York City.