795 81 44 39 25 9 8 7 7 7 Pinterest Vice Media Tinder Slack Mode Media Nextdoor Roku Kaltura Vox Media BookingPal Travel & Tourism ($1.5bn) 1996 32% $0.5bn 68% $1.0bn EuropeUS 137 90 69 60 56 44 31 13 5 5 2011 2003 2009 2010 2009 2012 2009 2010 2008 2010 2010 2010 2012 2007 2012 2013 2012 2011 Expedia and Priceline consolidating the industry while VCs have funded players in niches Online Travel Agent Peer-to-peer rental Travel Technology Peer-to-peer rental Peer-to-peer rental Social Network Online Travel Agent Online Travel Agent Travel operator Travel Metasearch Peer-to-peer rental Online Travel Agent Online Travel Agent Social Network Lead Generation Online Travel Agent Social Network Social Network Lead Generation Peer-to-peer rental 2011 13 Source: Company disclosures, websites and press releases, Crunchbase, NOAH Advisors. Note: Data only includes the 10 largest funding in the segment considered. Europe - Capital Raised ($m) / HQ / Year Founded US - Capital Raised ($m) / HQ / Year Founded Funding - Europe vs. US Most Active Investors in Europe Most Active Investors in the US Presenting at
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