Trover Secures $2.5 Million Investment Led by Concur

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 Trover
Since 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 Templeton
203.530.0458
[email protected]

SOURCE Trover

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