Hipclub, a subscriber-based travel service based in Russia, has raised $7 million in funding from a string of seasoned investors.
The startup, which was founded in October 2010, focuses on selling package holidays online.
A number of high profile investors are involved in the round including Michael van Swaaij (ex-Ebay and Skype) and Chamath Palihapitya (ex Facebook)
This is the third round of funding HipClub has received after previous funds of $750,000 and $2 million.
HipClub boss Mikhail Reider says the funds will be invested in increasing the current subscriber base of about 2.5m as well as regional development in Russia and neighbouring Russian-speaking countries.
He adds that the company, which he likens to Voyage Prive in terms of business model, will stay true to selling packages, a sector where online penetration remains low while the offline package market is valued at around $12b.