Hipmunk nets a $20 million round, led by Oak Investment Partners
Hipmunk, the travel metasearch site, has raised $20 million in a new venture capital round meant to spur its growth.
The Series C round is being led by Oak Investment Partners, which invested in a Series D round in US metasearch giant Kayak, prior to that company’s initial public offering (IPO).
Some existing Hipmunk investors are also participating – Institutional Venture Partners and Ignition Partners.
Hipmunk would not reveal what valuation the new round placed on it. Since its launch in 2010, the alumnus of the Y Combinator program has raised a total of $40 million.
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