A new startup is attempting to strip traditional technology vendors of their clout in corporate travel. In a surprise, the New York-based company Spotnana revealed on Thursday that business travel luminary Steve Singh is its executive chairman.
The New York-based startup officially launched by closing a $34 million Series A funding round, led by venture firms ICONIQ and Madrona Venture Group.
Singh’s involvement in Spotnana will catch notice. He successfully sold travel-and-expense specialist Concur to SAP for $7.4 billion in 2014. He also has evaluated hundreds of startups as a managing director at Madrona. This Seattle-based venture-capital firm was an early investor in Amazon, and it maintains close links with the e-commerce titan.
“While I’m not the CEO of Spotnana, I spend an inordinate amount of my time on it because I love the platform,” Singh said.
Officially, Spotnana came out of stealth on Thursday, led by CEO and co-founder Sarosh Waghmar. But Skift had named…