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.
Of all its investments, Trover, which was launched in 2011 by Travelpost owners (think Rich Barton), stands apart in terms of its content and lack of a connection to business travel.
Existing Trover investors including Barton, Benchmark Capital and General Catalyst Partners also participated in the funding round which will go towards expanding its community.
Commenting on the investments, John Torrey, Concur's executive vice president, corporate strategy, says:
"Smart companies like StayNTouch, Trover and Yapta share Concur’s spirit of creativity and entrepreneurship that will help us build out the services, functionality and global infrastructure available via the Concur T&E Cloud.”
Concur also acquired location services company conTgo in March this year.