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Secret Escapes, the members-only travel club, closing in on £50M Series D

Secret Escapes, the members-only travel club, closing in on £50M Series D
From TechCrunch - October 5, 2017

Update: Secret Escapes has confirmed that it has raised 83 million in a mixture of equity and debt. The series D is led by Singapores Temasek, with existing investor Idinvest Partners. The debt facility is being provided by Silicon Valley Bank, and from what I can tell accounts for around 31 million of the round, whilst the straight up equity investment sits at 52 million (see original report below).

Secret Escapes, the members-only travel club offering discounted rates on luxury hand-picked hotels and holidays, is closing in on Series D funding. According to sources, the London-headquartered company is on the verge of announcing a 50 million plus funding round.

As a point of reference, the company last raised $60 million (45.5 million at todays exchange rate) in July 2015, in a Series C round led by GV (then called Google Ventures). Secret Escapes is also backed by the likes of Octopus Investments, Index Ventures, and Atlas Venture.

According to a regulatory filing on Companies House, new shares worth just over 52 million have been issued. A source tells me that Temasek has led the Series D round, whilst another regulatory filing for Secret Escapes shows that Nezahat Gultekin from Temasek recently joined the board.

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