TripAdvisorleads$5.2millionroundintraveldataspecialistTraxo

Traxo has landed another sizeble investment round – this time a Series B injection led by TripAdvisor to the tune of USD 5.2 million.

The user review giant joins existing backers Thayer Ventures, Advantage Capital Partners and Silver Creek Ventures, as well as another new participant Aristos Ventures.

The Texas, US-based company is a best known as a data aggregation system for travel agencies, travel content providers and online service operators to capture off-platform bookings.

Also working via a white label service, Traxo handles policy compliance and travel spend tracking for travel management companies and corporations.

Traxo last landed an investment round in September 2013 when it secured a Series A worth USD 4.2 million. It took a seed round of USD 1.5 million a year earlier.