Yapta: first investment in Seattle, third in the travel space
As already announced last week, Seattle-based Yapta just closed a $2 million Series B led by Voyager Capital and I am very happy to announce that W Media participated in this round. Yapta is a online travel shopping service that monitors airfare and hotel prices for travelers. Led by CEO Tom Romary, the company has not only built up some significant traction over the past year but was also very successful in attracting top talent and top investors (the major investor besides Voyager Capital being First Round Capital). I have spent a considerable amount of time in Seattle since the beginning of the year and am really impressed by the consumer Internet scene there so I am hopeful that we will see more Seattle investments by W Media in the next little while. Looking forward to be part of the Yapta story going forward, with now 3 investments in the travel space (Escapio.com and Tripsbytips.com being the other two) this vertical is becoming increasingly important for the company.