Traveltek Raises £1.3M in Funding

Traveltek, a Glasgow, Scotland, UK-based provider of a travel booking platform, raised £1.3m in funding.

The investment was made by funds managed by YFM Equity Partners and co-investor FTI LLP.

The company intends to use the funds for the continued development of the Traveltek product portfolio with the aim of creating a dynamic booking platform, incorporating automation and new functionality in a cloud native solution, for the creation of new skilled jobs, including software engineers and technical staff, at Traveltek’s headquarters in Glasgow, and for expansion in the US.

Led by Mal Barritt, CEO, Traveltek has developed a technology platform which enables leisure travel companies to package together an extensive range of hotels, flights, cruises and ancillary travel services in one transaction. The company’s product suite includes; iSell – featuring dynamic packaging solutions including both cruise and tours itineraries; iBos – back-office systems offering CRM, booking reports and documentation; travel API – connects to hundreds of leading travel suppliers; and data insights.

Traveltek is operating worldwide with offices located in the United States, United Kingdom, India, and Australia – with the head-office located in Glasgow (UK).  

As part of the funding round, travel sector expert Phil Aird-Mash, joined the board as chairman.

FinSMEs

23/06/2021