TLT has advised bespoke travel company, TravelLocal, on a significant additional investment to help support its international growth plans and cement its position as a market disruptor.
The investment came from Gresham House Ventures, and follows a significant investment from Active Private Equity in 2018.
The investment will be used to build the global brand; expanding the company's client portfolio in almost 40 origin countries around the world and increasing the number of destinations offered.
The TLT team was led by corporate partner Jon Gill alongside corporate solicitor Matthew Howells, corporate legal assistant Rachel Kelly and tax legal director Mark Braude.
TravelLocal's managing director and co-founder, Tom Stapleton, says: “We’re proud of the global marketplace and brand we have created out of Bristol and are excited about using this funding to further accelerate our growth.
"We're now able to enter the next phase of our journey as we look to increase our market share and expand internationally.
"We are thrilled that TLT worked with us to secure this additional investment from Gresham House Ventures alongside our existing lead investor Active Private Equity. Jon and the team worked collaboratively and effectively with the existing and incoming investors to create a platform for a successful partnership."
Jon Gill, partner at TLT, says: "The South West is a very active hub for fast-growth tech-based businesses, many of which are looking for funding to support their global expansion plans. This was an intricate deal that involved a careful balancing of interests. It demonstrates the continued appetite from investors to fund and collaborate with the UK’s most interesting high-growth companies, in particular from Venture Capital Trusts.
"The travel technology vertical is receiving significant amounts of investment at present, and TravelLocal is a great example of a South West founded business that is scaling up rapidly to disrupt an existing market segment. We're excited about their ambitious growth plans and look forward to working with them on their continued journey."
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