Icelolly secures £2m in venture debt from Silicon Valley Bank to fund marketing expansion.
Silicon Valley Bank provided the debt facility to support growth and marketing initiatives.
Icelolly operates a holiday comparison and deals platform for travellers in the United Kingdom. The digital brand helps consumers evaluate package holidays, cruises and short breaks.
Holiday comparison platform Icelolly has secured £2m in venture debt financing from Silicon Valley Bank. The capital will be deployed to support the company expansion plans, with a particular focus on boosting sales and marketing activities. The funding arrives as the travel brand looks to increase consumer brand awareness through both digital and offline channels.
Alongside the debt facility, Icelolly continues to expand its internal expertise, following recent appointments including Chief Marketing Officer Simon Lloyd and Non-Executive Advisor Elliot Muscant. The investment also aligns with the lender expanding its footprint in the North of England to support regional innovation.
Use of funds
- 01Invest in sales and marketing
