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Secret Escapes secures further investment
Secret Escapes has secured a £52m investment from Old Mutual Global Investors.
The new investment partnership will enable the London-based international online marketplace for affordable luxury travel deals to continue to grow its business and move several strategic partnerships forward including in-house hotel and flight packaging.
This announcement comes off the back of 2017’s Series D investment and debt facility round in which Secret Escapes secured $11m (£83m).
Secret Escapes has secured $153m (£104m) in capital since 2011.
Secret Escapes chief executive Alex Saint described the funding as ‘exciting’.
He said: "The support from OMGI will help us to inspire the world to escape with amazing hand-picked, discounted travel deals and innovative product developments."
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Lisa
Lisa joined Travel Weekly nearly 25 years ago as technology reporter and then sailed around the world for a couple of years as cruise correspondent, before becoming deputy editor. Now freelance, Lisa writes for various print and web publications, edits Corporate Traveller’s client magazine, Gateway, and works on the acclaimed Remembering Wildlife series of photography books, which raise awareness of nature’s most at-risk species and helps to fund their protection.
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