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June 12, 2007
momondo Gets TV Money For Low-Budget Air Search
We've posted about several airline ticket search sites over the past year and half, including Skyscanner out of Scotland, and DoHop in Iceland. Now there's a Danish name to add to the list, Momondo, which has just sold some equity to Danish TV group TV2. No disclosure on the value of the transaction.
Momondo says it also counts Kayak, Sidestep and Mobissimo active in the US market as competitors.
The startup got some free press coverage recently because it is a reference customer of Nordic mashup technology startup Kapow Technologies (one of the startups on our radar).
It says it aims to outshine the competition by getting better coverage of low-cost airlines than competitors, crawling websites and airlines and agencies to snag ticket prices for its comparison engine.
The search company was founded in 2006 by Thorvald Stigsen. And its board is headed by a former airline exec Jens Willumsen, who hails from SAS.
The startup's mission: To be the starting point for any travel in Europe and beyond.
View momondo
Posted on June 12, 2007 05:55 PM | Posted to News And Updates | Permalink
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