trippiece Raises Capital From MOVIDA To Expand Overseas / Venture Now

Social trip service, trippiece revealed that it raised fund from MOVIDA, which runs venture investment and incubation service, with convertible notes. The amount is 5 million yen. It will uses the capital for recruiting and overseas expansion, but the main aim for the fundraise is to support the young management team.

trippiece was founded on March 31, 2011 and raised seed money of 3.5 million yen from Samurai Incubate Fund II. The service allows users to plan and share custom-made travel and experience from the travels. ...

Venture Now 1/20/2011 [jp]

memo

• There appear some startups to have two seed-sized fundraising. ONL alumni, Giftee raised 10 million yen from KDDI recently. Those are still doing quite well, but for some startups who came out of incubation programs launched in the last two years, the next round fundraising would be a big challenge this year.
• http://trippiece.com/