Secret Escapes Raises $111 Million in a Flash Sales Revival: Travel Startup Funding This Week
Photo Credit: WestHouse, whose rooftop is pictured here, is a boutique property in New York City that's part of the Small Luxury Hotels of the World collection, and is one of the properties available on Secret Escapes. Secret Escapes
Skift Take
Groupon may have its struggles and many similar sites have gone out of business, but travel flash sales have a stubborn persistence — even if they would probably get additional traction in more perilous economic times.
Each week we round up travel startups that have recently received or announced funding. The total raised this week was more than $131 million.
>>Secret Escapes, a flash-sales site for luxury vacation deals, raised a Series D round of investment, led by Singapore-headquartered Temasek, for $111 million.
Idinvest also participated, and a debt facility from Silicon Valley Bank added to the others' equity investment.
Six weeks ago Skift profiled Secret Escapes in the context of its acquisition of the Czech Republic-based Slevomat Group, which is the leading travel deals business in central Europe.
Secret Escapes had employed 542 workers, with about half at its London headquarters. The acquisition of Slevomat took the group to m
