Click Travel, a corporate travel specialist, has received unspecified funding from BGF.
This is the first time the company has received external funding, but it says the investment opportunities for tech-led businesses like it were “literally endless.”
Click says it has achieved £40 million in new business in the past financial year, and turnover growth of more than 30% year-on-year for four consecutive years. Gross sales in 2017 were £205 million.
The company has set out a three-point strategy, which includes developing its booking platform as well as a SaaS-style system for the unmanaged business travel market, and will use the BGF investment to execute on that.
“Therefore being acquired is not on our radar. If there was an interesting target for acquisition we would not rule it out, either in this sector or an aligned sector. However we have’t found anything and are not actively looking.”
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