Predict your next investment

INTERNET | eCommerce / Travel (internet)
packlate.com

See what CB Insights has to offer

Stage

Dead | Dead

Total Raised

$680K

About PackLate.com

PackLate.com is a last minute vacation rental marketplace where consumers watch prices change as the check-in date nears. PackLate.com empowers consumers to save money, find and track great deals, and confidently book closer to their vacation date while realizing they are not alone in their quest to find what they want at a great price. The company launched its first geography, The US Rockies, in January 2010. PackLate.com is backed by Genacast Ventures, First Round Capital, ETF Venture Funds, and several angel investors.

PackLate.com Headquarter Location

559 Saddle Ridge Drive

Davenport, Florida, 33896,

United States

775-623-7874

Latest PackLate.com News

PackLate shuts down: 'We had to make our one basket work or die trying' - Technical.ly Philly

Mar 2, 2017

PackLate, the Conshohocken-based B2B startup that provided listings for vacation rentals, shut down as early as December because it wasn’t growing quickly enough, according to an announcement on PackLate’s websit e . Founder Steve Barsh did not respond to initial requests for comment. In late 2011, PackLate, which raised a $685,000 seed round from investors like First Round Capital and Genacast Ventures in 2010, pivoted from a consumer-facing business to a B2B model . Following the pivot, Barsh reported a 10x increase in revenue . On its website , the PackLate team offered some advice to entrepreneurs, including: If you pivot, make sure that you have enough cash on board that you don’t have all of your eggs in one basket and you preserve optionality. Packlate could only afford one basket and that basket did not grow quickly enough. We realized we had to make our one basket work or die trying. The PackLate team’s willingness to be open about what worked and what didn’t is one way to promote the “fail fast” spirit locally. -30- Juliana Reyes became Technical.ly's associate editor after reporting on the Philadelphia tech scene for four years. She's co-president of the Asian American Journalists Association Philadelphia chapter and a two-time Philadelphia News Award winner for "Community Reporting of the Year." The Bryn Mawr College grad lives in West Philly, likes her food spicy and wears jumpsuits often.

Predict your next investment

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

Expert Collections containing PackLate.com

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

PackLate.com is included in 1 Expert Collection, including Travel Technology (Travel Tech).

T

Travel Technology (Travel Tech)

2,094 items

The travel tech collection includes companies offering tech-enabled services and products for tourists and travel players (hotels, airlines, airports, cruises, etc.). It excludes financial services and micro-mobility solutions.

CB Insights uses Cookies

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.