Online luxury travel marketplace Secret Escapes secures £52m

Secret Escapes, an online 'affordable' luxury travel provider with apparently 50 million global members, has succeeded in raising an additional £52m from Old Mutual Global Investors (OMGI).

The British company launched in 2011 and has since expanded into 21 territories across Europe, Asia and the US. The new round brings its total raised to £104m.

The funds will be used to grow and boost the ongoing integration of the Slevomat Group, a travel deals and experiences company it acquired late last year, as well as initiate a range of strategic projects such as in-house hotel and flight packaging across established markets.

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