Dopplr Secures Financing From a Star Line-Up

Dopplr, the Helsinki and London based startup, has secured second round financing from a very admirable group of investors including Esther Dyson, Tyler Brûlé, Thomas Glocer, Yat Siu, Aditya dev Sood, Lars Hinrichs, Joshua Schachter, Brian Behlendorf, Ami Hasan, Daniel Sachs, Joshua Cooper Ramo, Kim Weckström, and Azeem Azhar. Saul Klein, who invested in this round, also invested in the previous round together with Martin Varsavsky, Reid Hoffman and Joichi Ito.

“Dopplr is leading the way in intention sharing services online. It is valuable to know where your trusted friends and colleagues will be, and where you could meet them next,” said Lisa Sounio, CEO of Dopplr. “Partner brands on Dopplr will also give you relevant information and offers tailored to you. For example, when you tell Dopplr your plans to go to Hong Kong, you might get the latest intelligence from Monocle and offers from boutique hotels picked by Mr and Mrs Smith.”

Despite seeing a lot of attention from both the press and investors, there are some questions that people look answers for. One cannot miss the (despite somewhat questionable) data from Compete.com. According to Compete.com, Dopplr reached just over 50k UVs in August. If you’re making money from commissions on hotel bookings and such, you need a lot more traffic to make the business model work and therefore focusing on such a small group of people travelling so much might be difficult. Furthermore, Mike Butcher at Techcrunch UK makes a solid point about the dilution of ownership with so many investors. It could be that once you get enough popular investors on board, the odds of you failing are smaller as these investors are looking forwards to making a return (hence they echo the name as much as possible).

Having these questions answered would be interesting, but nevertheless you have to give it to the Dopplr team for getting financed in such a tight market – we haven’t heard that many similar stories lately.

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3 Comments

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  1. J

    “UV”? What’s that? And why is the data questionable? Don’t wake the interest and then offer no explanations :-)

  2. Well, UV = unique visitors.

    The reason why compete.com data is questionable is because it is based on estimates of those who visit different websites and a relative share of that to Dopplr (in comparison to proper server based data on actual page loads etc.).

    But thanks for the feedback – point taken :)

  3. And here’s coverage by Read/Write Web as well:

    http://bit.ly/3yVnDs

    Excellent work from Dopplr team!

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