Gusto LLC, a new community-based travel Web site that connects travelers with each other and with relevant travel information, has finalized $4 million in venture capital financing, with $3 million from DHST, L.L.C., a venture group founded by William H. Darr, and the conversion of $1 million initial funding from Jeff Wasson, Gusto's CEO.

Gusto, launched on June 1st, was founded by Wasson, a pioneer in the online travel industry who is best known for developing TravelNow.com, which was sold to Hotels.com for $47.4 million in 2001.

"Our investment in Gusto is based on two key factors," stated Bill Darr, "a great concept and proven people. We have seen what Jeff and his team have done in the past and we agree that a community approach to travel information and booking is aligned with the behavior of consumers."

Wasson commented, "The additional financing will allow us to expand our marketing and editorial development initiatives, and accelerate the building of key communities."

Related Link: Gusto