Adventure travel specialist Much Better Adventures (MBA) has received a £5 million investment from Gresham House Ventures.
United Kingdom-based MBA, which was founded in 2012, has tripled its revenue in the past two years, a release said.
The company plans to use the funding to further develop its platform, bring its offering to new destinations and boost its international presence.
“We started Much Better Adventures in the French Alps, inspired by our shared passion for the outdoors and a belief that travel could be a force for good,” said Alex Narracott, co-founder and CEO.
“From those early days, we’ve been driven by a bold vision: to create the world’s leading platform for active, sustainable adventure travel. Today, we’re proud to have built a global community of adventurers who seek extraordinary experiences – and care about having a positive impact in the process. With Gresham House’s support, we’re excited to accelerate our international growth, expand into new destinations and bring our model for adventure to even more people around the world – while continuing to protect the wild places that inspire us.”
“MBA has developed a distinctive proposition which appeals to consumers seeking out sustainable, active travel experiences. With a trusted reputation and consumer-centric approach, we believe the business is well-placed to continue on its impressive trajectory and capitalise on an attractive global market opportunity. We are very excited to be backing Alex Narracott and his team and supporting their international expansion plans over the coming years,” said Greg Blin, investment partner at Gresham House Ventures.
MBA has also had success with crowdfunding in the past having raised £1.25 million in late 2017.