TravelLocal Ltd.

Have updates for this profile? Please contribute data

= Subscriber Access Only

You are viewing a preview of this profile. Request a Preqin Pro demo for full access to all profiles and underlying data.

With Preqin Pro, you gain an unobstructed view of all alternative asset class activity across institutional investors, fund managers, funds, portfolio companies, deals, exits, and service providers.

TravelLocal Ltd. - overview

Established

2012

Location

Richmond, England, UK

Primary Industry

Internet

About

Based in the UK, TravelLocal Ltd. operates as a travel planning service, connecting travelers with local experts to create personalized itineraries that emphasize authentic experiences and sustainable tourism practices. TravelLocal Ltd. is a travel planning service founded in 2012, headquartered in Richmond, UK.


The company connects travelers with local experts who design unique itineraries tailored to individual preferences. The founders, Huw Owen and Thomas S. , have built the company through a series of strategic deals, totaling nine since inception. The most recent investment occurred on September 27, 2023, when the company raised GBP 8.


3 million during a Series B round led by Puma Growth Partners, with participation from Active Partners and Gresham House Ventures. The total amount raised by TravelLocal to date stands at GBP 8. 3 million. TravelLocal specializes in providing tailor-made travel planning services that connect travelers with local in-destination experts.


The core product offerings include personalized trip planning that emphasizes unique and authentic experiences, crafted by knowledgeable local tour operators. These experts utilize their extensive understanding of their regions to curate itineraries that address the specific preferences and interests of travelers while promoting sustainable tourism practices that benefit local ecosystems and economies. The company's services cater to a diverse clientele, including families, solo travelers, and adventure seekers, across a wide geographical range, including destinations in South America, Europe, Africa, and Asia. By focusing on local insights, TravelLocal ensures that travelers enjoy immersive experiences that showcase the culture and environment of their chosen destinations.


TravelLocal operates on a direct-to-consumer business model, facilitated through its online platform. Users engage with local travel experts to design and book tailored vacations. Revenue is generated through transaction fees associated with vacation packages that include various elements such as accommodations, transportation, and guided tours. Each booking is structured as a bespoke service, enabling clients to customize their travel experiences according to their budget and preferences.


The company may also benefit from partnerships with local providers, further enhancing its offerings. While specific pricing details for its services are not disclosed, the emphasis remains on delivering value through expertly crafted travel itineraries that align with the needs of the modern traveler seeking authentic adventures. In September 2023, TravelLocal Ltd. raised GBP 8.


3 million in Series B funding, led by new investor Puma Growth Partners, with participation from Active Partners and Gresham House Ventures. The company plans to utilize this funding to enhance its marketing efforts, particularly in branding and television advertising. Future strategies include expanding into new markets, with a focus on increasing brand presence to attract a broader customer base. Specific regions targeted for expansion have not been disclosed, but the company aims to leverage its funding to bolster its marketing initiatives effectively.


Current Investors

Active Partners, Channel 4, Gresham House

Primary Industry

Internet

Sub Industries

Travel & Tourism, Social Networking & Communication Platform, Search Engines, Information Services

Website

www.travellocal.com

Total Amount Raised

Subscriber access only

TravelLocal Ltd. - financials

Fiscal Year EndedMar 31, 2018Mar 31, 2019Mar 31, 2020Mar 31, 2021Mar 31, 2022
Revenue (USD)-----
% Revenue Growth (YoY)-----
EBITDA (USD)-----
Operating Income (USD)-----
Operating Margin-----
% EBITDA Margin-----
NET Income (USD)(523,911)----
% Net Margin-----

TravelLocal Ltd. - employee data

Blurred Background

Want to see Employee Count?

Request a demo for full access to this profile.

GoingPro

Time to go Pro

Get Preqin Pro for unrestricted access to 600,000+ detailed profiles on fund managers, investors, funds, companies, and other alternative asset players. Unlock exclusive data on future plans, company financials, fundraising history, track records, and more.