tripwolf Closes Second Funding Round — Despite difficult financial times, Austrian Web 2.0 start-up secures investment

Filed under Press Info

NEW YORK, NY.  January 22, 2009—Online travel guide tripwolf announces a second round of funding. The MairDumont Group, Europe’s largest publisher of travel information, has invested for the second time in the Vienna-based web 2.0 start-up. By strengthening its commitment to tripwolf, the MairDumont group aims to play a leading role in the digital market as well.

“Travel and mobility online are part of our core business,” says Stephanie Mair-Huydts, Publisher. “Despite the financial crisis, we want to expand our position in the online market. tripwolf is the perfect extension of our current offerings.”

Additionally, renowned German publisher Dieter von Holtzbrinck has signed on as a co-investor. Dieter is confident and enthusiastic about both the tripwolf concept as well as the competent and creative management team.

“We are proud to have the trust of such reputable companies and individuals,” says Sebastian Heinzel, CEO of tripwolf, who is excited by the willingness of investors from the print world to support innovative online business models. “We have big plans for 2009, including site launches in French, Spanish and Italian, and a tripwolf iPhone application.”

tripwolf, a next generation travel guide, launched in June 2008 in German and English. The platform combines professionally created content with user-generated content - reviews, tips, photos and travel blogs – from thousands of travelers all over the world. Currently, the tripwolf community has nearly 15,000 members, including one thousand “trip gurus“ who provide personal travel tips.

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