Social travel site Tripping raises $1 million

Tripping, a social travel site that helps cash-strapped travellers explore on the cheap, has raised $1 million in seed funding.

The new cash infusion, from Quest Venture Partners, marks the end of the company’s beta and bootstrapping phase. Tripping is also waiting to confirm an extra $450,000 in angel investment.

Tripping, which operates on a similar principle to free homestay community Couchsurfing, aims to help travellers find safe, free accommodation and make contact with locals.

The company was founded in 2010 and already has members in 130 countries.

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