Travel Intelligence raises £2.2 million

Apr 16, 2009

Travel Intelligence Group has secured £2.2 million from private equity investors Saints Capital and Big Bang Ventures.

Published: 16 Apr 2009

Travel Intelligence Group has secured £2.2 million from private equity investors Saints Capital and Big Bang Ventures.

The funding is to be used to further develop its technology platform, accelerate growth through acquisitions, develop the website travelintelligence.com and recruit high level team members where appropriate.

In addition, Brent Hoberman, co-founder of Lastminute.com, has been appointed Chairman of the advisory board of TIG. He will advise on the acquisition strategy and help build the profile of the brand internationally.

Travel Intelligence, which describes itself as “the ultimate one-stop shop for finding and booking your perfect hotel”, offers a global collection of boutique and luxury hotels, with reviews, articles and insider knowledge by its network of professional travel writers. The portal says its selection of hotels depends upon the independent recommendations and reviews from its network of `special agents’ - travel writers and professional hotel reviewers. Plus, it only accepts feedback from clients who have booked through Travel Intelligence.