Te­masek leads $111 mn fund­ing in Se­cret Es­capes

Mint Asia ST - - News Dealstreetasia - BSY HIWEN YA P


Es­capes, the Lon­don-based in­ter­na­tional on­line mar­ket­place for af­ford­able lux­ury travel deals, has closed a $111 mil­lion Se­ries D in­vest­ment led by Sin­ga­pore state in­vestor Te­masek Hold­ings Pte. Ltd with par­tic­i­pa­tion by ex­ist­ing in­vestor Id­in­vest Part­ners, the com­pany an­nounced on 5 Oc­to­ber.

The round also in­cluded a debt fa­cil­ity from Sil­i­con Val­ley Bank.

The Se­ries D fund­ing round will be used for driv­ing growth and in­ter­na­tional ex­pan­sion, in­clud­ing ac­qui­si­tions.

With the ad­di­tional fund­ing, Se­cret Es­capes has raised al­most $153 mil­lion in cap­i­tal since its launch in 2011.

Founded by CEO Alex Saint, COO Tom Valen­tine and Troy Collins, the firm works with ho­tels, tour op­er­a­tors and travel agents to ne­go­ti­ate ex­clu­sive rates for over 47 mil­lion mem­bers glob­ally.

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