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Venture Capital - Monday, August 14, 2006

Desktop Travel Agent Portaga Does $5.8M A Round

Having done more than a few travel expense reports and ticket booking for Interent start-ups, we can appreciate what Portaga is up to - it isn't going to be easy.

Portaga out of White Plains, NY closed Series A at $5.8M. The financing was led by the Ascend Venture Group with First Round Capital, Cove Harbor Partners and other investors. TripSync is a version of the Portaga desktop travel agent application that allows travelers to search for, book and schedule air, hotel, and car using Microsoft Outlook.

Portaga Demos Trip Synch, which claims:
- Integration with the traveler’s calendar, email, word processing, and other PC tools.
- Subscription to “snap-in” travel services, such as weather, entertainment, dining, events, credit cards…
- Group travel scheduling facilities, agency coordination and communication.
- Business functionality, such as group travel policy management, expense reporting and trending.
- Portability to PDA and Web