Secret Escapes Secures £52m From Old Mutual Global Investors

Secret Escapes raises an additional £52m from Old Mutual Global Investors.

The London-based online marketplace which offers ‘affordable’ luxury deals has so far raised $153m (£104m) in capital since it launched in 2011.

Secret Escapes will use the cash to grow and to boost the ongoing integration of the Slevomat Group – a travel deals and experiences company it acquired late last year. Central and Eastern Europe’s travel.

Additionally, the money will be used to execute several strategic projects such as in-house hotel and flight packaging across established markets.

Secret Escapes has expanded into 21 territories across Europe, Asia and the US since launching seven years ago. It also claims to have grown its global membership base from four million in January 2014 to its current level of over 50 million worldwide.

Read full article : Uktech.news

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