TripRental.com, a Chicago, IL-based vacation rental marketplace, completed a $500k Series A funding.
The round was led by existing investor Vaughn Moore, who is also a board advisors, with participation from private backers.
The company intends to use the capital to build a sales team across the country, expand product development and offerings, as well as increase traffic and subscriptions to the site.
Led by Ketan Thakker, President and Chief Executive Officer, Mitul Thakker, Director of Technology, and Joseph Sickles, Director of Sales, Triprental.com provides vacation rental owners and property managers with an online listing service to advertise their properties online. Since launch, the company has seen a huge demand in high vacation states, such as Hawaii, California, Florida and Colorado as well as international destinations such as the Caribbean, Costa Rica, and Europe.
It is a member of the Vacation Rental Managers Association (VRMA.com).
FinSMEs
06/02/2013