# Hipmunk

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/hipmunk

- Industry: Internet
- Headquarters: San Francisco, US
- Website: www.hipmunk.com
- Total disclosed funding: $46M
- Latest round: Series C (Jul 8, 2014)
- Investors on record: 8

## About

Hipmunk, Inc. is a technology company that specializes in travel planning, offering users a streamlined way to search and book flights and accommodations through its innovative platform.Founded in 2010 and headquartered in San Francisco, US, Hipmunk, Inc. provides a unique travel search experience. The company underwent a significant pivot when it was acquired by Concur Technologies, Inc. in September 2016, although financial terms of the transaction were undisclosed. The founder, Adam Goldstein, previously co-founded and led several other technology initiatives before establishing Hipmunk. The company has successfully completed 8 deals in total, raising a total of USD 5.75 mn, with the latest funding round occurring in September 2016 and led by Oak Investment Partners.Hipmunk offers a travel search platform that allows users to find and book flights and hotels efficiently. By utilizing advanced algorithms, Hipmunk provides a comprehensive overview of travel options, including the ability to filter results based on factors such as price, duration, and user preferences. The platform is designed for individual travelers, businesses, and travel agencies, facilitating seamless travel arrangements and enhancing the planning experience.Hipmunk generates revenue through a commission-based model, partnering with airlines and hotels to receive commissions for bookings made through its platform. The company’s business model revolves around B2C transactions, focusing on providing an efficient and user-friendly experience for travelers. Agreements with service providers often include tiered pricing structures, allowing Hipmunk to maximize earnings while offering competitive prices to consumers.Hipmunk is actively pursuing the development of new features aimed at enhancing user experience, with plans to introduce additional travel planning tools in 2017. The company is also looking to expand its market reach by targeting international travelers, specifically aiming to enter the European and Asian markets within the next two years. The recent funding of USD 5.75 mn will support these initiatives, facilitating the development of new products and the expansion of Hipmunk’s operational footprint.

## Funding rounds

- Series C, Jul 8, 2014, $9M — Oak Investment Partners, Ignition Partners, NGP Capital, Tech Coast Angels
- Series C, May 28, 2014, $17M — Institutional Venture Partners, Oak Investment Partners, Ignition Partners
- Series B, Jun 7, 2012, $14M — Institutional Venture Partners, Ignition Partners, Tech Coast Angels
- Series A, Jan 13, 2011, $4.7M — Ignition Partners, SV Angel, Y Combinator, Webb Investment Network
- Seed, Oct 5, 2010, $1M — SV Angel
- Seed, Aug 17, 2010, $0M — Y Combinator

## Investors

- Y Combinator (https://capitalatlas.ai/funds/y-combinator) — Seed, Series A
- SV Angel (https://capitalatlas.ai/funds/sv-angel) — Seed, Series A
- Ignition Partners (https://capitalatlas.ai/funds/ignition-partners) — Series A, Series B, Series C
- Webb Investment Network (https://capitalatlas.ai/funds/webb-investment-network) — Series A
- Institutional Venture Partners (https://capitalatlas.ai/funds/institutional-venture-partners) — Series B, Series C
- Tech Coast Angels — Series B, Series C
- Oak Investment Partners (https://capitalatlas.ai/funds/oak-investment-partners) — Series C
- NGP Capital (https://capitalatlas.ai/funds/ngp-capital) — Series C