NextGreatPlace hopes to be the next great vacation club, but as in other trendy endeavors, it will have to prove that the model works.
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’s expertise in building brands such as Starbucks has been, and will continue to be, critical to our early success.”