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TripRental.com, a budding startup in the vacation rental marketplace, has announced its completion of Series A funding of $500,000 from private investors. This positions TripRental.com as a successful travel start-up that is in high demand.
TripRental.com, a startup online marketplace of vacation rentals, has completed it’s first round funding of $500,000 from private investors. One of the many private investors, Vaughn Moore, who also served as an invaluable member of TripRental.com's board of advisors, said, "I am excited to invest in a company with a fresh advertising idea for the vacation rental industry, and looking forward to watching and sharing in its growth and success. It was an easy decision for me to expand my investment in TripRental.com and I am pleased to lead the Series A investment." Vaughn is the President of AIT Worldwide Logistics and a 17-year logistics industry veteran.
Series A funding is where a company receives its first significant round of venture funding by investors. Stock is sold to investors in exchange for investment. This is a critical stage for new companies.
By completing the Series A funding investment, TripRental.com strives to build a strong sales team across the country, expand product development and offerings, while continuing to increase traffic and subscriptions to the site with high quality content and marketing.
TripRental.com caters to all that are looking for vacation rentals. By completing a highly successful 30 day launch, the company has seen a huge demand in high vacation states, such as Hawaii, California, Florida and Colorado as well as international vacation destinations such as the Caribbean, Costa Rica, and Europe. With this huge growth, TripRental.com has strategically placed key sales executives to its corporate leadership team, signed property managers across the United States and in nine different countries. With the vacation rental market at an all-time high and only trending upward, they have only scratched the surface. TripRental.com is also a member of the Vacation Rental Managers Association (VRMA.com) where they are plugged into the vacation rental management industry.
