Growthdeck: TravelNest



TravelNest   |  Software
Target £1,000,000
Type Equity
Status Open



The Opportunity

TravelNest Limited (“the Company” or “TravelNest”) is a multi-channel marketing platform which is proven to increase occupancy and revenue for holiday rental hosts, whilst also streamlining their services, saving owners time and money when managing their properties.

TravelNest’s umbrella platform helps private property owners optimise the rental of their holiday homes and has been shown to deliver significant uplifts in bookings. The Company today supports 4,000 customers and 6,000 properties from over 50 markets globally. The Company is processing >£40m in booking value annually for its customers and has grown revenues and booking values over 15x in the past few years despite the pandemic.

To date, the business has been supported by several specialist backers (Pentech Ventures, Mangrove Capital Partners, Frontline Ventures, Scottish Venture Fund), as well as multiple former high-ranking employees of TravelTech unicorn Skyscanner, who helped grow and exit that business in 2016 in a £1.5bn acquisition.


 

In just one season our bookings have increased by over 50% with TravelNest.

– Annette, Westcote Glamping, Scottish Borders


TravelNest is seeking a £15m fundraise, of which £7.5m will be committed through the Scottish National Investment Bank (SNIB), and a further £3.5m will be supported by existing investors. Growthdeck Investors have the opportunity to participate in EIS-qualifying funds of up to £1.5m. The capital raised will support the growth of hosts on the platform to 75k users, equating to c.£300m of revenue by 2025.





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Investment details

Fundraise target£1,000,000

Fundraise maximum£1,500,000

Minimum investment£5,000

Equity stake1.9%

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Company details

Name:TravelNest Limited

Website:https://travelnest.com

Address: Johnston Carmichael Birchin Court
20 Birchin Lane
London
United Kingdom
EC3V 9DU

Company no: 09141571

Incorporated: 22/07/14

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