Farecast offers a unique service by providing its users with domestic airfare predictions. Unlike other travel companies, Farecast predicts when a user should buy a ticket based upon 175 billion points of previous airfare data. Its engine can currently predict whether airfare goes up or down up to a week into the future with a claimed success rate of 70-75%.
Farecast was acquired by Microsoft on 4/08 for $115M.
Financials
| Date | Type | Amount | Investors | Valuation |
|---|---|---|---|---|
| 10/01/04 | Series A | 1.5M | vSpring Capital, Global Catalyst Partners | Unknown |
| 07/01/05 | Series B | 7M | HRJ Capital, Arcturus Capital, Capital One Financial Corp | Unknown |
| 01/01/07 | Series C | 12.1M | Palomar Ventures, Boekhoorn M&A, LundKenner Ventures, Velocity Capital, Individuals Venture Fund, Khalda Development | Unknown |
People
Hugh Crean (Board member)
Jay Bartot (Board member)
Mike Fridgen (Board member)
Krista Pappas (Board member)
Andy Farsje (Board member)
Competitors
Globester:
Globester is a leading global online travel services company specializing in negotiated / discounted flights, air… See Company Profile »
Priceline:
Priceline.com gives leisure travelers the inside track to the best travel deals and discounts around. With… See Company Profile »
Expedia:
Expedia delivers consumers everything they need for researching, planning, and purchasing a whole trip. The company… See Company Profile »
Yapta:
Yapta is a browser bookmarklet used to track the fares on your upcoming flights. After bookmarking… See Company Profile »
News
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