Priceline Raises $300M in Series E

Priceline has successfully raised $300M in a Series E at a $2B valuation led by Booking Holdings.

Company Overview

Priceline is a Travel company headquartered in Norwalk, CT, founded in 1997 with 2000+ employees.

Travel fare aggregator

Fundraising Details

Amount Raised: $300M
Round Type: Series E
Valuation: $2B
Date: 2024-07-24
Investors: Booking Holdings

About Priceline

Travel fare aggregator The company is positioned in the Travel sector, serving a growing market with innovative solutions.

Key Information

Headquarters: Norwalk, CT
Founded: 1997
Team Size: 2000+
Industry: Travel

What This Means

This funding round demonstrates strong investor confidence in Priceline's vision and execution. The capital will likely be used to:

Scale Operations: Expand the team and operational capacity
Product Development: Enhance existing products and develop new features
Market Expansion: Enter new markets and strengthen presence in existing ones
Technology Investment: Invest in infrastructure and technology capabilities

Industry Context

The Travel sector continues to attract significant investment as companies innovate to meet evolving market demands. Priceline's successful fundraising reflects the strong fundamentals and growth potential in this space.

Valuation Milestone

Reaching a $2B valuation marks an important milestone for Priceline, positioning the company among notable players in the Travel industry.

Looking Ahead

With this new capital, Priceline is well-positioned to execute on its growth strategy and continue building innovative solutions in the Travel space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.

This fundraising news was reported on 2024-07-24. For more information about Priceline, visit their headquarters at Norwalk, CT.