Flash Pack secures £5m from JamJar Investments to fund US expansion and technology.
The funding round was led by JamJar Investments and brings the company's total money raised to £7.8m.
Flash Pack curates boutique group adventures tailored for solo travellers in their thirties and forties. The company focuses on fostering meaningful connections and long-term friendships.
Flash Pack has secured £5m in a new funding round led by JamJar Investments, with participation from current backers. The capital arrives three years after the adventure travel operator collapsed into administration during the pandemic before relaunching in 2021.
The fresh injection will be directed towards advancing the company's technology platform and expanding its footprint in the United States, which currently accounts for 60% of its audience share. Founders Radha Vyas and Lee Thompson plan to relocate to North America early next year to oversee operations and accelerate local recruitment.
From the founder
"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."
Radha Vyas
CEO and Co-founder at Flash Pack
Investor perspective
"‘At JamJar we’re on a mission to invest in and help grow early-stage consumer businesses who are using tech to disrupt their categories, as well as having a positive impact on the world. Flash Pack is not just revolutionising the way people travel, but how we interact with one another. More needs to be done by investors to fund female-founded ventures, particularly from women of colour. Under Radha’s leadership Flash Pack has escaped the fate of the pandemic and come out better than ever, and so we have high hopes for what they will achieve over the next three years."
Richard Reed
Co- Founder, JamJar Investments
Use of funds
- 01Continue product development
- 02Expand into international markets
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About the company
Flash Pack
Flash Pack organises boutique group travel adventures for solo travellers.