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Inspirato inspires investors to action, raises additional $20 million

09/25/2014| 7:17:32 PM| 中文

Inspirato, the vacation destination club, has logged another $20 million in growth capital.

This latest financing was led primarily by new-to-Inspirato investors W Capital Partners, with participation by existing investors Institutional Venture Partners and Millenium Technology Venture Partners.

The cash influx will be used to expand the company’s portfolio of luxury vacation rentals – not a cheap prospect, given the costly long-term leases and property management involved. The cash will also maintain the company’s position in the marketplace, says founder and CEO Brent Handler:

Inspirato is well capitalized. However, this additional financing allows us to pursue broader expansion while at the same time continuing to invest in our most important priorities — delivering world-class vacations and service for our members, growing our portfolio with new homes and destinations, and adding value to membership.

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TAGS: Inspirato | vacation rental | luxury travellers | financing
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