The company secured the capital from Güil Mobility Ventures, Fen Ventures, and Triodos Bank UK to accelerate fleet growth and technology development.
"Since our initial finance arrangement earlier this year, it’s impressive to see Forest go from strength to strength as it rolls out its fleet to more London boroughs. It’s just the kind of forward-thinking company that we want to partner with, as we all work towards net-zero solutions for cities. We are proud that Forest took the opportunity of rolling out new e-bikes to drive awareness of UK waterways and generate funds in support of The Rivers Trust."
The seed round was led by Vanneck and will fund international expansion and product development.
"This new round of investment marks a pivotal moment for InterLnkd. It not only validates our mission to help the travel industry capitalise on a new and free stream of ancillary revenue, but also empowers us to deliver an even more tailored experience to our partners and their customers. We look forward enhancing our capabilities, expanding our global footprint, and reshaping the world of travel shopping."
The funding round was led by JamJar Investments and brings the company's total money raised to £7.8m.
"Solo travel has continued to grow in popularity as people look to expand their horizons and make up for lost time, but in the last two years, we have also seen an increased appetite for building meaningful connections through travel. We’re proud to be doing our part in helping to make cities like London less isolated, with 80% Flashpackers staying in touch after their trip. The recent investment indicates the value in this growing trend and we’re incredibly excited to continue this success worldwide."
Waterspring Ventures and the Development Bank of Wales backed the travel platform in a £1m co-investment.
"We set up tourhub because we could see the growth of experiential travel and cultural holidays, but there was a need to bring it all in one place for travellers. We offer everything else but the standard, traditional beach package holidays. With close to over 800 worldwide suppliers, we provide you with whatever you dream of – from seeing snow monkeys in the Japanese Alps, hiking around 18 national parks in America, to cycling tours across Vietnam – we have something for every type of adventure seeker, no matter what your age."
The funding round was led by Puma Private Equity with participation from Active Partners and Gresham House Ventures to expand international operations.
"TravelLocal has performed very strongly again coming out of the pandemic as people travel extensively – and increasingly with a strong desire to do so in a more sustainable, meaningful way, that supports local people and economies. Our unique business model enables everyone to do just that. This funding round reflects the excellent growth opportunity we now have, and the first class team we have built to tackle it."
