Yapta has raised an additional $2 million in a series D funding round, led by Amadeus Ventures and supported by existing investor Concur. That brings total funding in the 15-person company to $20.3 million.
“Our Series D financing will help us scale our efforts on all fronts – from technical development to sales and marketing – enabling Yapta to help even more companies save on their travel spend,” said James Filsinger, President and CEO of Yapta.
Earlier this week, Yapta inked a deal with CWT, one of the largest travel management companies in the world. As part of the deal, CWT will resell Yapta’s FareIQ corporate airfare price tracking technology. Earlier this year, Yapta inked similar reseller deals with Travizon and Omega World Travel.
FareIQ is an online service that tracks airfares, helping corporate travel departments uncover lower prices. The company says it has helped corporations save more than $1 million in airfare to date.
“Yapta’s airfare price tracking technology is having a real impact on travel procurement practices by enabling corporate travel organizations to get a better handle on fluctuating airfare prices and to drastically cut costs,” said Katherine Grass, Head of Amadeus Ventures.