Yapta, known for its FareIQ technology that helps accurately track airfare pricing, has added more cash to their Series D round.
The round brought in an additional $2 million in financing, and was led by travel technology company Amadeus. Additional participation came from travel/expense management specialists Concur, as part of their Concur Perfect Trip Fund.
Previous financing rounds include a July 2013 Series D which brought in $4.2 million led by Concur, bringing the total amount invested in the 15-person company to over $20 million.
James Filsinger Yapta's President and CEO, in the release announcing the raise:
“Our team has done a terrific job of penetrating the corporate travel space, building a stable of key enterprise customers and reseller partners, and delivering on our promise of unprecedented airfare savings. Our Series D financing will help us scale our efforts on all fronts – from technical development to sales and marketing– enabling Yapta to help even more companies save on their travel spend.”
Yapta's technology focuses on helping companies identify and take advantage of lower fares throughout each day, allowing them to take advantage of those savings with a direct integration to agent workflow.
Amadeus identifies this integration as a key reason for further investment. Katherine Grass, head of Amadeus Ventures:
"Our organization is always on the lookout for innovative technologies that usher in a fresh approach to traditional travel processes. Yapta's airfare price tracking technology is having a real impact on travel procurement practices by enabling corporate travel organizations to get a better handle on fluctuating airfare prices and to drastically cut costs. We're proud to help fuel Yapta's growth and to foster the uptake of dynamic airfare price tracking across the enterprise."
NB: Dollar bill plane image courtesy Shutterstock.