Traveltek, an East Kilbride, United Kingdom-based provider of dynamic packaging technology to travel agents, tour operators and wholesalers worldwide, raised £5.3m in funding.
YFM Equity Partners, the specialist private equity fund manager, made the investment, via its VCT and LP funds.
The company intends to use the funds to further develop its product, and accelerate its international office expansion across the globe.
Founded in 2002 and led by Managing Director Kenny Picken, Traveltek provides travel retailers, agents and wholesalers with the technology to package together an extensive range of hotels, flights, cruises and ancillary travel services in one seamless transaction.
The company has offices in Scotland, England, Australia and the US.