This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
$1 buys you full access to ALL of TheStreet's Subscription Services! Learn More

Trover Secures $2.5 Million Investment Led By Concur

Stocks in this article: CNQR

SEATTLE, July 25, 2013 /PRNewswire/ --  Trover Inc., a mobile app and website for travel, culture and photography enthusiasts, today announced it has received $2.5 million in Series One financing. Concur (Nasdaq: CNQR), the leading provider of integrated travel and expense management solutions, led the round through the Concur Perfect Trip Fund.  Existing investors General Catalyst Partners, Benchmark Capital, Trover co-founder Rich Barton and several other original angel investors participated in the investment as well.

Trover plans to use the new capital to accelerate the growth of its community, improve social connections across its network, and refine the tools available for members to publish content that is both useful and beautiful. Concur co-founder and senior vice president, Michael Hilton, will join the company's board of directors.

Trover also announced the release of a newly redesigned version of its iPhone app. The new version (Trover 1.5.1) streamlines the navigation through places and photos, and offers new ways for like-minded members to find each other and share insights.

"We are thrilled to join Concur's ecosystem of innovative travel companies," said Trover CEO Jason Karas. "The company's knowledge of traveler needs and its drive to make travel more delightful are a great fit with Trover's mission and track record. We plan to learn a lot from each other."

Trover is a mobile- and web-based community of travel, culture & photo enthusiasts who are passionate about sharing travel photos, stories and insider tips.  Members contribute gorgeous, location-tagged photos through Trover's iPhone app and website, and add to a collective photo mosaic of top activities, sights and food at destinations around the world.  

"Concur is committed to driving the innovation agenda for our industry, and we recognize that a critical component of that agenda is providing bright, emerging companies with the funding they need to deliver world-class solutions," said John Torrey, Executive Vice President, Corporate Strategy of Concur. "We're excited to make this investment in Trover, as the company shares Concur's spirit of creativity and entrepreneurship. It is that alignment that will help transform the travel experience for companies, their travelers and suppliers by delivering the next generation of services, functionality and global infrastructure to make the Perfect Trip a reality."

With hundreds of thousands of photos from over 1500 cities and remote locations, Trover is on track to become the best resource for unique, authentic insights from people who love to travel. The company was founded by experienced social, mobile and travel industry entrepreneurs, including: Mr. Karas and Rich Barton, chairman, who founded Expedia and co-founded Zillow.

About TroverSince its launch in 2011, Trover has become the meeting place and communal photo atlas for people who love to travel.  Trover's iPhone app and website enable members to post beautiful original images and their locations to a photo mosaic that spans over 175 countries.  Trover members connect with one another through favorite places and shared interests, and exchange feedback, tips, and inspirations for new adventures. Increasingly, Trover is becoming the platform for publishing travel photos across the Internet.

Trover is a private company funded by Concur, General Catalyst Partners, Benchmark Capital, and Ignition Partners and with offices located in Seattle, WA. For more information, visit  www.trover.com.

Press Contact David Templeton203.530.0458 dbtcom@gmail.com

SOURCE Trover

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,810.06 +91.06 0.51%
S&P 500 2,063.50 +10.75 0.52%
NASDAQ 4,712.97 +11.1030 0.24%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs