Hipmunk Takes Off With $4.7M

1/26/11

San Francisco startup Hipmunk, a Y Combinator-backed company developing a new airfare search interface (as we explained in this August profile), has raised $4.7 million in new equity-based financing, in a round that could eventually reach $5.9 million, according to a regulatory filing. The company has said nothing so far about who’s investing or how it plans to use the funds.

Wade Roush is a contributing editor at Xconomy. Follow @

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  • Facehammer

    I would be interested to know who is investing in this. This is obviously a losing investment.

    The only experience that the founders of the site have is in walking away with millions and leaving their site in financial ruins.

    There is no barrier to entry here. Even if people like the site, well-funded competitors will simply make their sites look the same.