Massive travel capital raising

Massive travel capital raising

LONDON-BASED ‘members only travel club’ Secret Escapes has raised a whopping 83 million (A$140m) in new funding, with the money to be used to “drive growth and international expansion, including acquisitions”.

The start-up was founded in 2011 and last year sold more than seven million room nights.

“The cash injection will enable Secret Escapes to achieve its vision to inspire the world to escape and to become the number one travel deals website in the world,” said ceo Alex Saint.

The funding was led by Singapore-based wealth fund Temasek, the majority owner of Singapore Airlines.

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Source: traveldaily