Charles River Ventures Leads $15M Lola Series B FundingBy Paul English
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