Home > Online > Secret Escapes unlocks new investment round of £52M

Secret Escapes unlocks new investment round of £52M

07/20/2018| 2:39:25 PM| 中文

Secret Escapes provides members-only hotel booking service. It has raised a total of $246 million since 2011.

Secret Escapes has landed another funding round - the second time in the space of eight months that it's secured a major investment.

The members-only hotel booking club has secured £52 million from Old Mutual Global Investors.

To date, it has raised $153 million over the course of nine rounds since 2011.

The company claims to have achieved full-year profitability during 2018 and will use the latest investment to fund the overall growth of the business, especially the integration of its Slevomat brand, a Central and Eastern Europe-focused deals and experiences service.

Secret Escapes now has a presence in 21 countries in Europe and Asia, as well as the United States.

Over 50 million consumers have now registered for the site, a huge jump from the four million subscriber level in 2014.

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TAGS: Secret Escapes | OTA | Old Mutual Global Investors
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