Travel tech start-up Luxtripper has raised £1.2 million investment.
The funding, raised from high-net worth individuals and former travel executives, will be used to double the London firm’s destination offering over the next three years, as well as further develop its technology platform and hire for roles across the business.
CEO Nena Chaletzos founded Luxtripper in 2015 to combine technology with the customer-centric approach of a traditional travel agent.
Its in-house technology matches customers to luxury destinations in seconds and creates complex, multi-destination itineraries, tailored to customer requirements.
Sales in the year to March 2020, before COVID-19 forced the UK into its first full lockdown, reached £7m.
“Today marks a significant milestone for us, particularly during incredibly difficult times for our industry and the world,” said Chaletzos.
“Over the last few months, it’s our passionate people that have helped us to adapt to the challenges we’ve faced, and with total commitment to supporting and protecting our customers.
“We’re proud to be a part of the travel community and, we’re looking forward to bringing in more exceptional talent as we begin this next stage of growth.”
Roger Flynn, chair of Luxtripper, said: “This is a great outcome for Luxtripper, testament to our dedicated staff and robust business model. I am pleased with the continued support from our existing investors, and excited to welcome new investors to the business who will bring valuable experience to our growth journey.
“For the travel industry, these times are the most testing we’ve ever seen, but this community, that I’ve been a part of for 25 years, is resourceful, resilient and genuinely has the customer at its heart; qualities that will ensure we meet the challenges ahead.”