CFares raises $4.5M more for wholesale travel ticket offering; Lessno raises $4.1M for Europe

July 23, 2007 | Matt Marshall

CFares, the Redwood Shores, Calif. company that you could call the “Costco” of travel sites, has raised $4.5 million in a first round of venture capital led by Claremont Creek Ventures, and including existing backer Garage Technology Ventures. The company had raised $1.5 million in seed funding last year, and has been looking to raise money ever since.

We first wrote about them here.

Meanwhile, Lessno.com, a Sofia Bulgaria company with offices in New York and London has raised a $4.1 million from Bulgarian venture firm, New Europe Venture Equity, for ticket offerings covering Europe and Asia.

As mentioned, CFares charges you $50 to get access to wholesaler discounts, and the resulting prices are lower than those of other major sites.

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Tags: cFares, deal

About the Author, Matt Marshall

Matt launched VentureBeat in September of 2006, with the realization that no one else was covering the entrepreneurial and tech innovation scene with the velocity or depth that he was. Prior to founding VentureBeat, he covered venture capital for the San Jose Mercury News from 2001 to 2006. In 2002, Matt was awarded "Journalist of the Year" by the Northern California Society of Professional Journalists. Prior to working at the Merc, he was a correspondent for the Wall Street Journal in Bonn, Germany from 1995 to 1998, and a writer for the Washington Post in 1994. Matt holds a PhD in Government and an MA in German and European Studies from Georgetown University. In addition to VentureBeat, Matt is also the Executive Producer of DEMO, the leading launchpad event for emerging technologies.