TravelLocal, a global tailor-made holidays platform, has recently secured an £8.3 million Series B investment from a group of investors including Puma Private Equity and Gresham House Ventures.
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The funding will be used to accelerate the company’s international growth and revolutionize tailor-made holidays by connecting clients directly with local experts in their destination.
TravelLocal’s managed marketplace is a global brand that receives bookings from clients worldwide.
The company’s unique approach to tailor-made holidays has made it a popular choice for travelers looking for authentic and personalized experiences.
With this new investment, TravelLocal will be able to expand its reach and offer even more destinations and experiences to its clients.
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The investment round was led by Puma Private Equity, with existing investors Active Partners and Gresham House Ventures also participating.
TravelLocal’s CEO, Huw Owen, expressed excitement about the investment, stating that it will allow the company to “accelerate our growth and continue to build the best platform for tailor-made holidays out there.”
The company plans to use the funding to expand its team, invest in technology, and expand its reach into new markets.
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TravelLocal’s Series B Investment
TravelLocal, the global tailor-made holidays brand and managed marketplace, has secured an additional £8.3 million in Series B funding round.
The growth investors include Puma Private Equity, Gresham House Ventures, and Active Partners. Puma Private Equity led the funding round and was a new investor in the company.
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The investment will help TravelLocal to accelerate its international growth. The company is revolutionizing tailor-made holidays by connecting clients directly with local experts in the destination.
TravelLocal has a global brand and receives bookings from clients worldwide as a managed marketplace. It is growing rapidly as travellers demand a more personalized and authentic experience.
This Series B funding round follows the successful merger in July 2021 of TravelLocal (UK) and Trip.me (Germany), both now fully integrated under the TravelLocal brand.
The company has offices in Bristol and Berlin with colleagues also working remotely across the world.
TravelLocal’s CEO, Huw Owen, expressed excitement about the investment round, stating that it would enable the company to continue to build on its success and expand its reach to new markets.
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He also expressed gratitude to the investors, stating that their support showed confidence in the company’s vision and potential.
The investment will allow TravelLocal to invest in its technology platform, expand its team, and further develop its marketing and customer acquisition strategies. The company plans to use the additional funding to enhance its product offering and improve the customer experience.
Overall, the Series B investment round is a significant milestone for TravelLocal, and the company is excited to continue its journey of growth and innovation with the support of its investors.
Latest Private Equity News UK Overview – Expansion and Growth
TravelLocal has been experiencing remarkable growth in recent years, and with the new £8.3 million Series B investment round led by Puma Private Equity, the company is poised for even more rapid expansion.
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The investment will help to accelerate TravelLocal’s international growth, providing the company with a significant growth opportunity to expand its global reach.
With the support of Puma Private Equity, TravelLocal will be able to take advantage of the growing demand for tailor-made holidays and managed marketplaces.
The investment will enable the company to expand its network of local experts, providing travellers with access to a wider range of destinations and unique experiences.
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TravelLocal’s focus on providing high-quality, authentic travel experiences has resonated with travellers around the world.
The company’s platform allows travellers to connect directly with local experts, ensuring that they have access to the best possible advice and recommendations for their trip.
Through its innovative approach to travel, TravelLocal has been able to achieve remarkable growth in recent years.
The company has established itself as a leader in the tailor-made holidays market, and with the support of Puma Private Equity and other investors, it is well-positioned to continue this growth trajectory.
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In the coming years, TravelLocal will be looking to expand its global reach even further, providing travellers with access to an even wider range of destinations and experiences.
With the support of its investors and its dedicated team, the company is poised for even more exciting growth and expansion in the years ahead.
Merger with Trip.me
TravelLocal has recently secured an £8.3 million Series B investment from investors, including Private Equity firms Puma and Gresham House Ventures.
This funding round follows the highly successful merger in July 2021 of TravelLocal (UK) and Trip.me (Germany), both now fully integrated under the TravelLocal brand.
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Trip.me is a Berlin-based travel company that provides personalized travel experiences.
The merger with TravelLocal has allowed for greater expansion into the German market and has increased TravelLocal’s offerings of sustainable and personalized travel experiences. The merger has also allowed for the sharing of resources, knowledge, and expertise between the two companies.
The integration of Trip.me into TravelLocal has been a major factor in the recent success of the company.
TravelLocal now has offices in Bristol and Berlin, with colleagues also working remotely across the world.
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The merger has allowed for greater collaboration between teams, resulting in more efficient workflows and better customer experiences.
TravelLocal’s CEO, Tom Stapleton, is excited about the merger with Trip.me and the opportunities it presents.
He has stated that the merger has allowed TravelLocal to expand its offerings and reach new markets, while also maintaining its commitment to sustainable and personalized travel experiences.
Overall, the merger with Trip.me has been a significant milestone for TravelLocal, allowing the company to expand its offerings and reach new markets.
The integration of Trip.me into TravelLocal has been a major factor in the recent success of the company, and the future looks bright for this exciting travel brand.
Involvement of Key Players
TravelLocal, the global tailor-made holidays brand, has secured a Series B investment of £8.3 million to accelerate its international growth.
The funding round was led by Puma Private Equity, with participation from existing investors Active Partners and Gresham House Ventures.
Private Equity News UK
The involvement of key players such as Puma Private Equity, Active Partners, and Gresham House Ventures in the Series B funding round is a testament to TravelLocal’s potential for growth and success.
Puma Private Equity is a leading private equity firm that invests in high-growth SMEs across Europe. The firm’s investment in TravelLocal reflects its confidence in the company’s business model and growth potential.
Active Partners, a growth equity firm that invests in consumer and leisure companies, has been a long-term investor in TravelLocal.
The firm’s continued support for the company is a testament to TravelLocal’s strong management team and its ability to execute on its growth strategy.
Gresham House Ventures, a venture capital firm that invests in high-growth businesses, also participated in the Series B funding round.
The firm’s investment in TravelLocal reflects its belief in the company’s potential to disrupt the travel industry and its commitment to supporting innovative, high-growth businesses.
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TravelLocal’s management team, led by co-founders Tom Stapleton and Alistair Daly, has been instrumental in driving the company’s growth and success.
The team’s deep understanding of the travel industry and its commitment to delivering exceptional customer experiences have been key factors in TravelLocal’s rapid growth and we expect them to feature very regularly in our private equity news UK section.
Mark Hudson, TravelLocal’s Chairman, and Mark Lyons, the company’s CFO, have also played important roles in the company’s growth and success. Hudson’s extensive experience in the travel industry and Lyons’ financial expertise have been invaluable in helping TravelLocal achieve its goals.
Overall, the involvement of key players such as Puma Private Equity, Active Partners, Gresham House Ventures, and TravelLocal’s management team has positioned the company for continued growth and success in the global travel market.
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