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edge retreats

Travel tech startup Edge Retreats gets $1m in seed funding

Edge Retreats, a London-based tech startup specialising in luxury villas, has closed a $1m seed funding round led by VC fund Lean Investments.

The round, which also drew support from the startup’s current investor Forward Partners, brings Edge Retreats’ total amount of funding raised to $1.4m.

Speaking about the round’s closure, McCormick said: “After getting great support from Forward Partners over the past year, we’re excited to be partnering with Lean Investments to accelerate the growth of our company. This investment will allow us to continue to build a world-class product while increasing the number of properties and countries that we feature.

“We’re pleased to be simplifying the process of finding and booking luxury villas around the world while offering a exceptional concierge service. The story so far has been incredible, and I hope this next stage in our story will be even more exciting,” continued the CEO.

Launched last year by its founder and CEO Luke McCormick, a former travel journalist, the company says it will use the new funds to expand throughout 2016.

Tim Jackson, general partner at Lean Investments commented on his fund’s decision to invest. “Luke’s got real expertise in the villa business, and he’s also a great online marketer – it was his leadership that got us interested in the business in the first place.”