PackLate.com
closedLast minute vacation rental marketplace enabling consumers to monitor prices and find deals as the check-in date nears.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor | €0.0 | round |
| N/A | $690k | Seed | |
| Total Funding | 000k | ||
Related Content
PackLate.com was a Conshohocken-based entity operating in the online travel and vacation rental market. The company was established by founder Steve Barsh and secured a seed round of $685,000 in 2010, with participation from investors such as First Round Capital and Genacast Ventures.
Initially, PackLate.com entered the market with a consumer-facing model. However, the company underwent a strategic pivot in late 2011, shifting its focus to a business-to-business (B2B) framework that provided listings for vacation rentals. This transition was reportedly followed by a significant increase in revenue, which the founder stated grew tenfold. The B2B model targeted other businesses in the travel sector, offering them a platform for vacation rental inventory.
Despite the reported revenue growth after its strategic pivot, PackLate.com ceased operations around December 2012. The closure was attributed to an insufficient growth rate to sustain the business.
Keywords: PackLate.com, Steve Barsh, vacation rental listings, B2B travel, online travel startup, First Round Capital, Genacast Ventures, defunct startup, travel technology, Conshohocken startup, vacation rental market, B2C to B2B pivot, seed funding, venture capital, travel industry, online booking, rental property platform, startup failure, accommodation booking, travel-tech