Monday, November 12, 2012
TripIt Owner Concur Launches $150 Million “Perfect Trip Fund” To Invest In Travel Startups; Invests $2 Million In Evature’s Virtual Travel Agent
Concur, a travel and expense management solutions provider, and owner of popular mobile trip planning app TripIt, is announcing today the launch of a $150 million fund called the "Concur Perfect Trip Fund," which will be used to invest in startups focused on innovations in the travel and expense space. Specifically, Concur is looking to fund companies which could integrate with its own Concur Connect platform, powered by the Concur T&E Cloud. This framework connects businesses and infrastructure across the travel and expense ecosystem in real-time.