Ostrovok.ru, an online hotel booking service launched in 2010 in Russia, has raised an undisclosed amount from Erik Blachfold, CEO of Expedia, Hotwire and Tripit founder Gregg Brockway and Altimeter Capital’s Brad Gerstner.
This Series B round of financing comes six months after Ostrovok raised $13.6 million from General Catalyst Partners, AccelPartners, Founders Fund and Atomico Ventures as well as from prominent Western business angels.
“Far from being mature, travel continues to be one of the most dynamic industries around, particularly in a rapidly growing emerging market like Russia,” Gregg Brockway commented in the press release.
Ostrovok currently employs a team of about 100 people based in their Moscow offices, TechCrunch reported. The booking service now holds a database of over 130,000 hotels in 200 countries.
Among competitors of Ostrovok.ru are Oktogo.ru, which attracted $5 million in April 2011 from leading Western and Russian venture funds, and Ozon Travel, the specialized arm of leading Russian e-commerce player Ozon.ru.
