Travel personalization startup Olset raises $1.1M
Olset, which offers personalized recommendations for hotels, has raised $1.1 million of seed funding on a convertible note.
The lead investor was Todd Kimmel from Montage Ventures. About half of the round came from Montage and Digital Garage, a firm that happens to also own the largest review site in Japan (4travel.jp).
Other investors include 500 Startups, Plug & Play Tech Ventures, XG Ventures, Principle Innovation, Merced Partners, and a number of angels.
Olset (pronounced “all set”) uses Big Data to pick the three best hotels for travelers. It detects when a traveler may have an upcoming trip and suggests three hotels based on either their preferences or their Expedia, Priceline, and Orbitz booking history.
Read full story at:http://www.tnooz.com/article/olset-raises-1m/