Secret Escapes unlocks new investment round of £52M
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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