Farecast
- Info
- Section
2
100k
- Status
- Acquired by Microsoft on April 17, 2008
- Funding Received
- $20.6 Million in 3 Rounds from 6 Investors
- Headquarters:
- Seattle, WA
- Description:
- Farecast is an online service that provides users with intelligent airfare predictions.
- Founders:
- Oren Etzioni, Jay Bartot
- Categories:
- Transportation, Travel, Finance
- Website:
- www.bing.com/travel
- #<WebPresence:0x007fef3aeb1398>
- #<WebPresence:0x007fef3af84d38>
Company Details
UpdateFarecast offers a unique service by providing its users with intelligent airfare predictions. Founded in 2003, Farecast has since gained very healthy funding from several venture funds totaling $20.6 million. 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%. While Farecast has a lot of competition, they claim it is the only company which can predict future prices.
The site has recently expanded to providing the best deals on hotel room as well. Results from travel search sites like ReserveTravel, Orbitz, and CheapTicket, are shown on a map with prices and other hotel information. Farecase gives deal finders an idea if a specific hotel is overpriced or a good deal by marking overpriced hotels blue and attractively-priced hotels red.
Current Team (2)
Update-
Andy Farsje
VP of Finance & Administration
-
Anne Taylor Hartzell
PR Rep
Funding Rounds (3) - $20.6M
Update$12.1M / Series C
Jan 1, 2007
Investors:Pinnacle VenturesSutter Hill VenturesWRF CapitalGreylock PartnersMadrona Venture GroupPAR Capital Management$7M / Series B
Jul 1, 2005
Investors:Madrona Venture GroupGreylock PartnersWRF Capital$1.5M / Series A
Oct 1, 2004
Investors:WRF CapitalMadrona Venture Group
@fareologist
Board Members and Advisors (3)
Update-
Moshe Mor
Greylock Israel Partner @ Greylock Partners
Board
-
Matt McIlwain
Managing Director @ Madrona Venture Group
Board Member
-
Erik Blachford
Partner @ Technology Crossover Ventures
Board
Products (2)
Update-
Farecast Hotels
The site helps deal finders see what hotels are overpriced and what hotels are good deals. For instance, sometimes name brand chains up
-
Farecast
Searching for flights on Farecast generates the lowest current prices followed by a recommendation to buy now or wait until prices drop.
Investors (6)
Update-
Pinnacle Ventures
Pinnacle Ventures is a private venture capital...
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Sutter Hill Ventures
Sutter Hill Ventures has financed...
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WRF Capital
The Seattle-based Washington Research...
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Greylock Partners
VC firm
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Madrona Venture Group
Seattle-based VC focused on early-stage
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PAR Capital Management
Private Investment Company
Offices/Locations (1)
UpdateOffice
200 West Thomas Street, Suite 300
Seattle, WA 98119
USA
Competitors (10)
Update-
airfarewatchdog.com
Airfarewatchdog.com is a discount airfare compiler that uses live agents instead of automated web crawlers to find the best airfare deals.
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