« Angels Investing More in Less | Home | A Startup Postmortem »
FareCast - Seattle, WA
By Rob | February 23, 2007
FareCast is a startup in Seattle, WA that predicts airfare prices based on complex algorithms and lots of data. The site allows consumers to decide if it’s smart to buy a ticket now, or to wait, and it gives you a degree of confidence in the prediction. You can read more about how it works here. The site is built on technology that was profiled in 2003.
Farecast also has a blog with airfare tips and explanations about new features.
Money Raised - Three rounds, A round - $1.5 million, B round - $7 million, C round - $12 million.
Funding Sources - Initial round is from Madrona, a Seattle firm. Later rounds are from companies in the Valley.
Team - A computer science professor from Washington State, and an ex-Priceline executive.
Outside the Valley Score
Location = 1.0
Founders = 1.0
Technology = 1.0
Funding = 1.0
Total = 4.0. Farecast is almost in Silicon Valley
