Quantcast
Digital

NextGreatPlace vacation membership club secures $3.5 million in funding

Aug 10, 2012 10:58 am

Skift Take

NextGreatPlace hopes to be the next great vacation club, but as in other trendy endeavors, it will have to prove that the model works.

— Dennis Schaal

Come Attend the Best Conference in Travel

Free Report: The Megatrends Defining Travel in 2015

NextGreatPlace will assuredly be adding to its portfolio of 1,000 curated-property selections in 30 destinations as it picked up $3.5 million in a Series A funding round led by Trinity Ventures.

The Denver-based business is a membership club offering what it calls a “curated vacation network” assisted by proprietary algorithms and “expert travel planners.”

NextGreatPlace began operating late last year, received the funding earlier in 2012, and had its official launch in July.

The amount of the funding, $3.5 million, from Trinity Ventures and a group of angel investors, hadn’t been revealed until today.

The funding would be used for product development, to increase NextGreatPlace’s roster of destinations, and for marketing, the company says.

“We could not be more excited to be working with Trinity Ventures and our great group of investors,” says Tom Filippini, NextGreatPlace’s CEO and founder. “We are building a brand in premium travel and Trinity‚Äôs expertise in building brands such as Starbucks has been, and will continue to be, critical to our early success.”

Tags: , ,

Next Up

More on Skift

Daily Travel Startup Watch: SuiteStory, WhatsAhoy and More
Daily Travel Startup Watch: Lotus Nomads, Festrip and More
8 Charts That Show the Outlook for Global Airfares and Hotel Rates in 2016
How Hotels and Airports Cater to the 21st Century Business Traveler