More money in the coffers for hotel search and booking platform Hotelicopter after securing a further $1.5 million in funding, bringing its total so far to $5 million.
The latest injection of funds is once again being led by angel investor Trip Davis, non-executive chairman of TRX (Hotelicopter has a hotel distribution deal with TRX), and a number of other unnamed investors.
Hotelicopter CEO Adam Healey says the new round will help finance further development of its hotel distribution technology platform, a system which currently carries live rates, availability and other content from around 160,000 properties around the world.
The company made a major change to its former consumer-facing model in July 2010 when it switched to targeting tourist boards and other content web publishers by providing a white label search and booking engine, primarily through through widgets and branded mapping pages.
Healey says current suppliers of stock include most of the major global hotel chains (including Hilton, IHG, Marriott and Best Western) and OTAs (Expedia, Priceline etc), feeding into publisher sites such as Nileguide, corporate booking engines and DMOs such as Atlanta.net.