Secret Escapes Raises $111M in Series D Funding

Secret Escapes, a London, UK-based luxury hotel flash deals site, raised $111m in Series D equity and debt funding.

The round was led by Singapore-headquartered Temasek with participation from existing investor Indinvest Partners while Silicon Valley Bank provided the debt facility.

The company, which has now raised almost $153m (£104m) in capital since its launch, will use the funds to continue to expand globally, including acquisitions.

Launched in February 2011 and founded by CEO Alex Saint, COO Tom Valentine and Troy Collins, Secret Escapes is an international online marketplace for affordable luxury travel deals in 21 territories in Europe, Asia and the US, with a global membership base of over 47 million worldwide.
The company, which recently acquired Slevomat, Central and Eastern Europe’s leading travel deals and experiences company, works with its hotel, tour operator and travel agent partners to negotiate exclusive rates for over 47 million members globally, and over 19 million members in the UK alone.
Outside of the UK, Secret Escapes operates in Sweden, Germany, Poland, Denmark, Norway, Austria, Switzerland, Italy, Spain, Belgium, the Netherlands, the USA, Hong Kong, Malaysia, Indonesia, Singapore, France, Hungary, Slovakia and the Czech Republic.



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