Wednesday, September 17, 2008

Uptake takes in another $10 million in a Series B with Trinity Ventures and Shasta

Uptake (nee Kango) has announced a series B fund raising round of $10 million lead by Trinity Ventures (early investor in Starbucks) and including Shasta. UpTake blog post here. TechCrunch story here.

You will recall that Uptake is doing review meta-search. Indexing all of the user and editorial content on hotels and destinations.

This makes total raised to date $13.95mm after the series A announced back in July of $3.95mm (led that time by Shasta) but I now hear was closed in December 2007. I have an email exchange going with the Uptake PR people so hopefully will have some additional comments from CEO Yen Lee very soon. Am particularly interested in marketing plans, people plans and the need for a second round so soon after the first.

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