About Hotwire
Hotwire is a company based in San Francisco (United States) founded in 2000 was acquired by IAC in September 2003.. Hotwire has raised $77 million across 2 funding rounds from investors including TPG and IAC. Hotwire offers products and services including Hotels Booking, Cars Booking, Flights Booking, and Vacations Booking. Hotwire operates in a competitive market with competitors including StudentUniverse, Jetsetter, Secret Travel, Last Minute Travel and Travel Ticker, among others.
- Headquarter San Francisco, United States
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Sectors
Travel & Hospitality
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Phone
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Website
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Social
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- Legal Name Hotwire Inc
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Products & Services of Hotwire
Hotwire offers a comprehensive portfolio of products and services, including Hotels Booking, Cars Booking, Flights Booking, and Vacations Booking. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Platform for reserving cheap hotel stays online
Service for renting vehicles at discounted rates
Tool for securing affordable flight tickets
System for arranging vacation packages quickly
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Funding Insights of Hotwire
Hotwire has successfully raised a total of $77M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $2 million completed in August 2003. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Series A — $2.0M
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First Round
First Round
(01 Jan 2000)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2003 | Amount | Series A - Hotwire | Valuation |
investors |
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| Jan, 2000 | Amount | Private Equity Round - Hotwire | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Hotwire
Hotwire has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include TPG and IAC. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Fund of funds focused on pre-seed and seed-stage companies
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Founded Year | Domain | Location | |
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Acquisitions and creations of media and internet brands are managed.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Hotwire
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Hotwire
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Hotwire Comparisons
Competitors of Hotwire
Hotwire operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as StudentUniverse, Jetsetter, Secret Travel, Last Minute Travel and Travel Ticker, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Travel deals for students are provided via an online platform.
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| domain | founded_year | HQ Location |
Provider of curated travel planning resources
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| domain | founded_year | HQ Location |
App platform providing secret deals for flights, hotels, and travel savings.
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| domain | founded_year | HQ Location |
Provides online booking for last-minute hotels and flights in popular spots.
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| domain | founded_year | HQ Location |
Online travel agency that offers deals and discounts on booking
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Hotwire
Frequently Asked Questions about Hotwire
When was Hotwire founded?
Hotwire was founded in 2000.
Where is Hotwire located?
Hotwire is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Is Hotwire a funded company?
Hotwire is a funded company, having raised a total of $77M across 2 funding rounds to date. The company's 1st funding round was a Private Equity Round of $75M, raised on Jan 01, 2000.
What does Hotwire do?
Hotwire was founded in 2000 in San Francisco, United States, within the travel sector. A platform is operated for booking airline tickets, hotel rooms, rental cars, cruises, and vacation packages at reduced rates. An opaque pricing model is utilized to provide low fares. Discounts are negotiated with suppliers for unsold inventory, enabling access to various travel options across multiple categories.
Who are the top competitors of Hotwire?
Hotwire's top competitors include StudentUniverse, Jetsetter and Airfarewatchdog.
What products or services does Hotwire offer?
Hotwire offers Hotels Booking, Cars Booking, Flights Booking, and Vacations Booking.
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