TravelLocal Raises £8.3m to Expand Global Marketplace
TravelLocal, a Bristol, UK and Berlin, Germany-based holidays brand and managed marketplace, has successfully raised £8.3m in Series B funding. The funding round was led by Puma Private Equity, with participation from existing investors Active Partners and Gresham House Ventures. The company plans to utilize the funds to accelerate its international growth, including investing in its managed marketplace platform and expanding its brand marketing efforts. Under the leadership of Tom Stapleton, CEO, and Mark Hudson, Executive Chairman, TravelLocal has become a recognized global brand that receives bookings from clients worldwide through its managed marketplace.
At its core, TravelLocal's unique business model directly connects customers with local travel experts based in their desired destination.
This approach allows travelers to benefit from the expertise and advice of vetted local experts while enjoying the convenience of online booking. Through its platform, TravelLocal offers access to over 500 individual local travel experts across the globe, who work in collaboration with clients to create personalized itineraries. These experts are affiliated with 271 carefully curated partner companies, ensuring a wide range of options for travelers.
One of the key advantages of choosing TravelLocal is the assurance of full consumer financial protection. The company is affiliated with ABTA and ATOL in the UK, ensuring that customers can book their trips with confidence. Since its establishment in 2016, TravelLocal has successfully helped over 70,000 customers create unforgettable travel experiences, cementing its position in the industry.
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