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Traveldoo receives 1,2 million in a new round of funding

Hotel Booking Traveldoo the leading provider of second generation electronic travel management solutions today announced that it has received £1,2 million in second round financing from Entrepreneur Venture and existing investor SEEFT Ventures.

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Cheap Hotel Chausson Finance were advisor to Traveldoo on the deal. To date the company has raised £2,5 million in total.

Orbitz, Expedia and 12 other online travel companies have been sued for failing to pay $30 million in room taxes that they collected on hotel bookings. The suit, filed February 9th in the Superior Court for the County of San Diego, claimed the companies paid the city's transient occupancy tax, a 10.5 percent charge levied on the price of a hotel room, based on the discounted rate they received, not what customers ultimately paid.

Flight Booking This new round of funding gives Traveldoo the resources to further expand its European business and strengthen its technology lead over competitors.

Once you have booked and received your travel voucher, the contact details for the travel service operator will be on this voucher under the heading 'Important Information'.

Travel Agent Founded in March 2000, Traveldoo offers software solutions that enable enterprises to connect, transact and collaborate with their travel suppliers and travel agencies in a more efficient manner. Traveldoo`s flagship solution, Traveldoo ShopSite(tm), provides an integrated solution for online business travel planning and booking, dynamic policy management, travel supplier relationship management and travel spending intelligence.

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Hotel Chicago "Our technology and our ability to deliver successful projects are proven. Our solutions have been deployed by very large organisations in different European countries" said Nabih El Aroussi, President, Traveldoo. "Traveldoo is ideally positioned to take advantage of opportunities in Europe where the market is gaining momentum".

Online Booking "Strong management, great technology platform, relevant strategic positioning. We are convinced that Traveldoo has the potential to become the leading European software provider for online business travel management", said Frederic Zablocki Partner of Entrepreneur Venture.

Travel Health Insurance "Since our original investment in 2000, Traveldoo has clearly demonstrated it has great technology vision and sector expertise. The new funding will help the company to further expand its sales and marketing operations", added Regis Saleur, Partner of SEEFT Ventures.

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