Room 77, a Mountain View, California-based company that operates a search engine for finding the lowest prices on hotel rooms, has closed on $30.3 million in new funding. This round, which counts as Room 77's Series C, brings the total invested in the company to $43.8 million. Travel search giant Expedia Inc. participated in the round as a new investor; existing investors in the company including Sutter Hill Ventures, General Catalyst, Concur Technologies, Expedia?s founder Rich Barton, former Expedia CEO Erik Blachford, and Hotwire co-founder and current Zillow CEO Spencer Rascoff all chipped in as well.
Source: http://feedproxy.google.com/~r/Techcrunch/~3/mjiB0OiJ3R4/
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