Luxtripper, a London-based luxury travel company that’s specialised in experiential, multi-destination, and adventure travel, raised £1.2 million in funding from high-net-worth individuals and former travel executives. This brings Luxtripper’s total funding raised to £3.1 million to date.
How will the funding be used?
The UK company will be using the fund to double its destination offering over the next three years, and further develop its proprietary technology platform and hire for roles across the business.
Founded by Nena Chaletzos in 2015, Luxtripper operates an online travel booking site that matches users with suitable holiday destinations.
Nena Chaletzos, founder and CEO of Luxtripper, said: “I started Luxtripper to revolutionise the luxury travel planning process, creating the experience of a lifetime for customers, matched perfectly to their needs but in a fraction of the time. The technology we’ve created does just that, whilst giving us the space to engage with our clients on a deeper level, something which has never been more important than now.
Tailored to customers requirements
According to Luxtripper, its technology matches customers to global destinations in seconds and creates complex itineraries, often within the same day, accurately tailored to their requirements.
Nena Chaletzos adds, “Today marks a significant milestone for us, particularly during incredibly difficult times for our industry and the world. Over the last few months, it’s our passionate people that have helped us to adapt to the challenges we’ve faced, and with total commitment to supporting and protecting our customers. We’re proud to be a part of the travel community and, we’re looking forward to bringing in more exceptional talent as we begin this next stage of growth.”
Since its inception, the company has delivered annual revenue growth of over 100%, with sales in the year to March 2020 reached £7 million.
Roger Flynn, Chair of Luxtripper, said: “This is a great outcome for Luxtripper, a testament to our dedicated staff and robust business model. I am pleased with the continued support from our existing investors and excited to welcome new investors to the business who will bring valuable experience to our growth journey. For the travel industry, these times are the most testing we’ve ever seen, but this community, which I’ve been a part of for 25 years, is resourceful, resilient and genuinely has the customer at its heart; qualities that will ensure we meet the challenges ahead.”
The company also won, ‘Best Customer Relationship Management Platform’ at the 2020 Travolution Awards, which recognise the most innovative and exciting work in digital travel.