Maven Capital Partners made the investment.
The company intends to use the funds to complete the development of its core technology platform, enhance its web and mobile offerings and expand its presence into new geographies.
Led by Amir Azulay, CEO, Chic Lifestyle operates Chic Retreats, a B2B boutique hotel marketplace that enables independent and boutique hotels and luxury villas to optimize their distribution of rooms, rates and availability online.
Hotels and villas are able to join Chic Retreats, developed on Google Cloud, by invitation only, thereby enabling the network to retain its exclusivity. Once approved, the hotel is curated and vetted and becomes part of the Chic Retreats collection online at www.chicretreats.com. Chic Retreats is targeted at the discerning, experiential traveller which wants to experience a more personable service that the hosts of these selected hotels provide.