TripIt Nabs $5.1 Million Investment to Expand Globally

Online travel organizer and social network TripIt has received $5.1 million in Series B financing from three investors: Sabre Holdings, O’Reilly AlphaTech Ventures and European Founders Fund.

The investment will be used to expand development, marketing and support for travelers. O’Reilly AlphaTech Ventures (OATV) is increasing its initial investment in TripIt after providing the company’s $1 million first-round of financing in 2007.

European Founders Fund (EFF) is a German investment group led by the Samwer brothers associated with several Internet companies in Europe, including alando, acquired by eBay, and Jamba!, bought by VeriSign/Newscorp.