Phoenix, AZ, June 08, 2011 --(PR.com
)-- CashFlights.com, Inc., a start-up travel company headquartered in Scottsdale, recently received a capital commitment infusion from private investment interests of more than $3 million.
The news is a sign that there are plenty of funds available in the travel space, even after Google announced the acquisition ITA Software for a reported $700 Million dollars.
"We tried to stay under the radar, we had a vision of being self funded but when these deals are structured right, it’s just too attractive to turn down," said Richard Brown, Cash Flight’s chief executive.
The additional funding is a commitment from private investment interests who have promised more as the company needs the capital to fund its new site launch.
Request A Deal, the company's core technology, "has the power to dramatically change the travel industries," Brown said. "Essentially, we are creating another option for marketers to reach out to travel based consumers.”
One area of focus will be the international travel wholesale market that can offer fares at a significant discount, he said. The travel area is a crowded space with new start ups popping up every year.
The company already has grown from a few to over 16 employees, and expects to double that number again in the next months.