TravelLocal raises $10M Series B to accelerate international growth

TravelLocal, an online travel agency that offers custom itineraries in 93 countries, has raised $10.3 million in Series B funding. The round is led by new investor Puma Private Equity with participation from the company’s existing investors Active Partners and Gresham House Ventures.

TravelLocal is focused on offering authentic, sustainable tailor-made holidays by connecting its clients with local experts in each destination, combining advice from vetted experts with the convenience of online booking. The company also donates 1% of its net revenue to conservation and charitable projects in its destinations around the world.

“TravelLocal has performed very strongly again coming out of the pandemic as people travel extensively - and increasingly with a strong desire to do so in a more sustainable, meaningful way, that supports local people and economies,” said CEO Tom Stapleton.

“Our unique business model enables everyone to do just that. This funding round reflects the excellent growth opportunity we now have, and the first class team we have built to tackle it.”

In 2021, TravelLocal merged with Germany-based Trip.me. The company said this funding will help it accelerate its international expansion through further development of its managed marketplace and brand marketing. 

“TravelLocal is disrupting the travel market with its bespoke, authentic experiences, using travel as a force for good in local regions,” said Nick Evans, managing partner at Active Partners.

“After weathering the storm of the pandemic and completing a successful merger, the brand's remarkable growth is a testament to its unique offering and the unwavering resilience of the fantastic team.”