Secret Escapes raises £83m in latest funding push

The members-only online marketplace for travel deals has international expansion plans

Emma Featherstone
Friday 13 October 2017 10:58
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Secret Escapes operates in 21 territories
Secret Escapes operates in 21 territories

Secret Escapes, a members-only online marketplace for travel deals, has secured $111m (£83m) in its latest funding push.

The series D round was led by Temasek, a Singapore-based investment firm, with support from French firm Idinvest Partners, who are existing investors in Secret Escapes. The round included a mixture of equity and debt investment, with the debt facility coming from Silicon Valley Bank.

Chief executive Alex Saint said: “The cash injection of $111m 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.”

The London-based travel company has now raised just over $150m since it launched in February 2011.

This latest round, completed earlier this month, comes just two years after a series C round of $60m that was led by Google Ventures, the seed capital arm of Google.

Secret Escapes, which operates in 21 territories, has said it will be using the investment to grow the company and to explore international expansion, including through acquisitions.

Guillaume Durao, investment director at Idinvest Partners, said that Secret Escapes was a clear leader in the travel industry and had proven to be the preferred and trusted partner of thousands of hotel owners in Europe and beyond.

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