TripIt - Gets $5.1 Million Investment : NON-REG

RNS Number:5654S
TripIt
17 April 2008

TripIt Receives $5.1 Million Investment

SAN FRANCISCO, CA--(Marketwire - April 17, 2008) - TripIt (www.tripit.com), the
intelligent personal travel assistant, has received $5.1 million in Series B
financing from three significant investors: Sabre Holdings, O'Reilly AlphaTech
Ventures and European Founders Fund. The investment will be used to expand
development, marketing and support for the rapidly growing number of travelers
who rely on TripIt.

TripIt is an online travel organizer and social network to help people manage
their travel plans and stay in touch with fellow travelers, colleagues and
family. In its first six months, TripIt has been honored at the TechCrunch40,
Web2.0 Summit LaunchPad, and Under The Radar conferences, is currently a 2008
Webby Award Nominee, and has been praised by a range of media including the
Associated Press, CNN, Economist, FOX, New York Times, Sunday Times (UK), and
Wall Street Journal.

O'Reilly AlphaTech Ventures (OATV) is increasing its initial investment in
TripIt after providing the company's $1 million first-round of financing in
2007. OATV is in the business of funding innovative technology companies,
including Chumby, OpenAds and Wesabe. www.oatv.com

"TripIt exemplifies a new breed of web services that help us manage our personal
data," commented Tim O'Reilly of OATV. "I'm especially enthusiastic about TripIt
because it adds a new level of integration between email and the Web. We have so
many overlapping applications, and the next frontier is getting them to work
better together."

European Founders Fund (EFF) is a German investment group led by the Samwer
brothers who are responsible for some of the most successful Internet companies
in Europe, including alando (acquired by eBay) and Jamba! (acquired by VeriSign/
Newscorp). The Samwer brothers have also invested in leading U.S. technology
companies including Facebook and LinkedIn. www.europeanfounders.com

"We look forward to helping TripIt expand globally," commented Oliver Samwer,
European Founders Fund. "The diverse European travel market is ideally suited
for a service like TripIt that helps organize travel plans made across multiple
travel suppliers."

"We couldn't have asked for a stronger or more strategic group of investors,
which include a highly respected visionary on the future of the Web, leading
European technology investors, and one of the largest travel companies in the
world," commented Gregg Brockway, TripIt co-founder and president. "This puts
TripIt in a strong position to significantly enhance our services and establish
a global footprint to help more travelers around the world."

About TripIt

TripIt helps people organize their travel plans -- no matter where they booked.
Travelers just forward their travel confirmation emails to plans@tripit.com.
TripIt processes these emails and automatically creates a master itinerary with
travel plans, daily weather, local maps, restaurant reservations, city guides
and more. With TripIt, it's easy for travelers to print or access their trip
plans from anywhere -- and to share itineraries and see when their trips overlap
with friends and colleagues in their TripIt social network.

This information is provided by RNS
The company news service from the London Stock Exchange

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