HipWay Ltd. operates an invitation-only online travel club that sells packaged tours and enables purchases via credit cards. Launched in October 2010 by CEO Mikhail Reider, the company created a spin-off site, hipclub.ru, to provide exclusive travel opportunities and deals to members. The service is positioned within Russia and focuses on members-only deals and packaged-tour payments. Financially, HipWay raised an additional $2m to complete a $2.75k angel funding round, with backers including Chamath Palihapitiya, Michael van Swaaij, Fabrice Grinda and Mark Gerson. The company plans to raise a subsequent funding round targeting $10m. The article does not provide operating metrics such as revenue or user counts.

Total raised

$2M

Funding rounds

1

Latest round

Equity

Latest activity

Oct 2011