We’re keeping a close eye on angel deals to watch this trend play out. Hipmunk, a new Y Combinator travel startup that we wrote about in August, is one of the first deals to fall cleanly on one side of the line.

Hipmunk closed a hyper competitive financing, we’ve confirmed with the company, raising around $1 million total. Investors include SV Angel (which has been hyper-critical of the AngelGate crowd), Paul Buchheit, Ashton Kutcher (through A-Grade Investments), Matt Mullenweg, Sam Altman, Geoff Ralston and others. But other than Conway/SVAngel, not a super angel is to be found on the list.

Why’s that? The valuation popped up in the highly competitive round. We’re trying to track down the exact valuation but the company is understandably hesitant to talk. We’ll update with new information.

In the meantime, this new money will allow Hipmunk to expand beyond their 4-person team and start to roll out new travel services beyond flights.

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Authors: Michael Arrington

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