$60m Series C financing
Torch Partners advised Secret Escapes on their recent $60,000,000 Series C investment led by Google Ventures and Octopus Investments, with participation from existing investors Index Ventures and Atlas Venture. Already launched in 13 countries, Secret Escapes is the leading online luxury travel site and offers high-end hotel rooms and holidays to its members at discounted prices. For hotels and tour operators, Secret Escapes has become a vital service for inventory management making them an invaluable part of the travel ecosystem. The funding will be used to expand further into the US and Asia as the company sets its sights on becoming a “multi-billion turnover business”.
Torch has advised many of Europe’s most exciting internet companies and developed a long-term relationship to help them achieve their goals. Secret Escapes would be another example of this. Torch first worked with Secret Escapes in 2012 on their Series B led by Index Ventures and we are delighted to help them achieve an excellent result on this latest round.
Torch Partners acted as exclusive financial adviser to Secret Escapes.URL: Investor:
Google Ventures, Octopus Investments, Index Ventures, Atlas VentureSector
Consumer Internet and Digital MediaProduct