Gogobot has completed a USD15 million round of funding led by Redpoint Ventures, with participation from Battery Ventures and Michael Arrington’s CrunchFund. Gogobot will use this new financing to expand its global footprint through marketing, partnerships, and outreach.
Gogobot allows users to harness the power of their social networks to exchange trusted travel advice and share trip plans and rich visual travel memories.
Since launching last November users have shared more than 2 million places with their friends on Gogobot. The user base has grown 10 fold over the last year, making it the largest social travel site on the internet. This funding comes on the heels of the launch of Gogobot’s mobile app, available for the iPhone, iPad and iPod Touch, which is currently a Top 10 Travel App in 31 countries around the world.
"With its unique offering and seasoned management team, Gogobot is the industry leader in the social travel space. We believe with its vision and timely and unique service, Gogobot is poised for exceptional growth," says Satish Dharmaraj (pictured), general partner of Redpoint Ventures. Satish will be joining Gogobot’s board of directors.
Gogobot users can browse reviews from friends as well as share their photos, reviews and other details about the places they stayed, dined, and traveled on the Gogobot site. Gogobot automatically packages these elements into magazine-style albums, allowing friends to experience your travels with you in real time, see a map of where you were when you caught that sunset, or even make a reservation at the hotel where you stayed.
"Travel is all about discovering new experiences and sharing them with your friends and family," says Travis Katz, Gogobot co-founder and CEO. "With this new funding, Gogobot aims to continue to grow and pave the way for a new era of travel – harnessing social media to provide users with trusted, insightful, and enriching reviews at the tip of your finger."
