Off & Away Nabs $2M
Seattle-based travel startup Off & Away has raised a $2 million financing round, led by Madrona Venture Group, according to a report by TechCrunch. The company, which rolled out in May, offers high-end hotel rooms at cheap prices via an online auction bid-based service. Off & Away is headed up by chief executive Doug Aley, a former entrepreneur in resident at Madrona. The firm also led the company’s initital $1.35 million funding round earlier this year. According to the report, Off & Away will use the new financing to expand its team, ink new hotel partnerships, and further develop its products and marketing initiatives.