Temasek leads $111 mn funding in Secret Escapes
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.