Nokia Growth Partners invests in Hipmunk, an on...

San Francisco - Nokia Growth Partners (NGP) today announced a new investment in San Francisco based travel company Hipmunk. The investment marks NGP's 15th investment in a growth-stage mobile company this year.

Hipmunk is a metasearch travel service for mobile and online that makes travel planning fast and easy through their unique visual user experience. It offers comprehensive multi-platform flight and hotel search via partnerships with online travel agencies and alternative lodging providers like Airbnb and HomeAway.  Hipmunk today announced a new partnership with Yelp making Hipmunk the first and only current hotel provider to provide Yelp users booking access to tens of thousands of U.S. hotels.

"Multi-platform travel planning is becoming a standard mobile offering. Hipmunk is leading the way in cross-platform integration, making it a high-potential next generation travel company. We found Hipmunk after an extensive market review and believe that CEO Adam Goldstein can drive Hipmunk to take a market leadership position within multi-platform travel services", said John Gardner, Managing Partner at NGP.

For the last decade, NGP has consistently invested in companies that enable better experiences on mobile across the largest markets in the world.

"We are continuously deepening our focus on mobility through our thematic investment strategy, allocating funds specifically to five core themes we think are critical for top experiences on mobile. Hipmunk is a great example of how companies can distinguish themselves with a mobile experience that integrates across devices and platforms in a seamless and easy-to-use way", said Bo Ilsoe, Managing Partner at NGP.

To learn more about Hipmunk, visit www.hipmunk.com or download the Hipmunk Flight and Hotel App for free from the App Store and Google Play.

About Nokia Growth Partners
NGP is an independent fund sponsored solely by Nokia investing in companies that are changing the face of mobility. NGP offers industry expertise, capital and an extensive network, enabling entrepreneurs to build disruptive, industry-changing companies and take them to the global market. With offices in the US, Europe, India and China, NGP extends the reach of companies making their products and services local everywhere. Visit http://www.nokiagrowthpartners.com for more information

About Hipmunk
Hipmunk is the fastest, easiest way to plan travel. The site and mobile apps help save time and money by comparing top travel sites to show the perfect flight or hotel at the cheapest price. Hipmunk offers the most comprehensive travel search, from commercial flights, trains, and charter flights to hotels and vacation rentals through Airbnb and HomeAway. The unique display makes it easy to visually compare results to choose the best option.

Media Enquiries
[e-mail]

---

This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: NOKIA via Globenewswire

HUG#1864491