Travel Video Site TVTrip Gets $9 Million Funding
Start-ups shouldn’t be too down-hearted—at least some sites are still being backed with big money as Europe continues its skid into recession. Paris-based TVTrip, which publishes video reviews of hotels in 157 cities worldwide, has bagged €7 million (about $9 million) in VC funding from previous backers Partech International and Balderton Capital, in a second round joined by AGF Private Equity (via Techcrunch.com). The site raised $4.8 million (£3.38 million) in its first round funding in July 2007. A new version of the site, with more video-sharing than is currently on offer, goes live on March 10.
Posted In: Money, M&A & Venture Capital, Venture Capital, Countries, Europe, France, agf private equity, balderton capital, partech international, tvtrip
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