Concur Launches New $150M Investment Fund For Travel Startups

Redmond-based Concur, the provider of travel and expense management software, said this morning that it has launched a new, $150M fund to invest in emerging companies in the travel and expense management area. The firm said its new Concur Perfect Trip Fund has already made a number of investments, including an investment in Evature, a developer of virtual agents for online travel. Size of that investment was not disclosed. Concur already has been an investor in various companies in the area, including buuteeq, Room 77, Ypta, Cleartrip, TaxiMagic, and others.