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Charles River Ventures Leads $15M Lola Series B Funding

Charles River Ventures Leads $15M Lola Series B Funding

I’m excited to share that we’ve secured $15M in Series B funding led by Charles River Ventures (CRV) along with additional investments from our Series A investors, General Catalyst and Accel. As part of the investment, we’re also fortunate to have CRV Partner, Jon Auerbach, join our Board of Directors.

We plan to use the funds to continue investing in product development and to begin marketing an all-new version of Lola planned for this spring.

We started Lola to create a level of personal service that few travelers can enjoy today, in essence, an entirely new class of travel. That remains our goal. For ‘v2’ Lola, you can expect a first-of-its-kind, mobile experience and AI-assisted hotel recommendations. I’m eager to share more about ‘v2’ Lola in the next couple of months.

We’re thrilled to begin the year with this kind of support.

-Paul, CEO and Cofounder

About the Author: Paul English
Paul is a co-founder of Lola, the only online travel service dedicated to serving the needs of small business. Paul was previously the cofounder of Kayak (sold to Priceline), GetHuman (ongoing), Boston Light Software (sold to Intuit), Intermute (sold to Trend Micro), World Xiangqi League and WickedMagic. Non-profit work: Paul is the cofounder of Martin Luther King Boston, Summits Education (a school system with 10,000 students in Haiti), the Winter Walk (Boston homeless awareness), and also serves on the boards of Humanity Rises (refugees), Partners In Health (global health) and Village Health Works (Burundi).