Social Travel: InBed.me, An Airbnb For Hostel Hoppers, Picks Up A $1.2M Seed Round

The success of Airbnb may have unleashed a wave of attention on companies using social media and the Internet to disrupt how travel is planned and booked: today, "social" hostel booking site inBed.me is announcing that it has raised a seed round of $1.2 million, from a list of investors including Ventech (Paris), Quotidian Ventures (New York), CAP Ventures (Buenos Aires) and founders Fabrice Grinda (OLX, Zingy) and Dave Lerner (Columbia Venture Labs, Venture Studio), among others. While Airbnb's main focus is on offering rooms in private houses, inBed.me has turned its attention to the budget/student travel market, specifically the hostels that are the mainstay accommodation in that sector. Users can use the site to book rooms, share their bookings with others, and see who else is staying in the same place to plan a meetup in advance.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/--l6eiJdVbE/

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