Yapta, a US-based provider of airfare price tracking through its FareIQ service, has closed a $4.2m series D funding round led by existing investor Concur, a US-based travel and expense management business. Yapta has the option to raise an additional $2m over the next 90 days.
Yapta has raised a total of $20.4m equity funding to date. Previously, Concur invested $5m in Yapta 2011.
James Filsinger, chief executive officer of Yapta, said: “This funding will enable us to build upon our investment in FareIQ, further strengthening our position as the industry leader in Intelligent Price Tracking for corporate airfare.”
John Torrey, executive vice president, corporate strategy at Concur: “The Yapta team has done an excellent job of building and servicing the FareIQ customer base consisting of high-profile enterprise organizations and leading travel management organizations. Our additional investment in Yapta will enable the organization to build upon their initial success and continue to bring airfare price tracking to the forefront of travel management best practices.”
Yapta was launched in 2007.