The US$5 million round of funding will also be used to strengthen the team at its headquarters in The Digital Hub in Dublin, at its offices in London and Manila, and as it enters new territories.

Founded in 2005, MTT has doubled in size year-on-year since 2009, and has an extensive customer base across Europe and Asia-Pacific, working with companies like easyJet, Qantas Group’s Jetstar and Jumeirah Hotels & Resorts.

The MTT mobile travel platform, M2B, handles millions of euro in m-commerce revenue per week. easyJet’s deployment of the MTT platform has delivered one of the fastest apps in the world – the app’s speed, combined with its rich user experience, has earned it overwhelmingly 5 star user ratings on Apple’s App Store.

Gerry Samuels, MTT founder and CEO (pictured left), said consumers were switching to the mobile channel, not just for travel bookings but for the complete customer experience.

“Travel brands have a window in which to capture market share and gain customer loyalty through mobile.” he added.

Brian Caulfield, partner at DFJ Esprit, said MTT has the potential to be an Irish-based world leader in m-commerce for the travel community – an industry worth between US$300 million and US$1 billion per annum.

DFJ Esprit is the European arm of Tier 1 Silicon Valley-based VC, Draper Fisher Jurvetson (DFJ). DFJ Esprit has over US$ 1.1 billion of funds under management, chiefly focused on European high growth companies. The VC was a key investor in LOVEFiLM, which was successfully acquired by Amazon last year. DFJ has invested over $7 billion in capital commitments and funded well-known technology companies including Baidu, Hotmail (acquired by Microsoft), Overture (acquired by Yahoo) and Skype (acquired by Microsoft).