Traveltek secures £5.3m from YFM Equity Partners to expand internationally.
The investment from YFM Equity Partners will fund international expansion and team growth at Traveltek.
Traveltek provides dynamic packaging technology to travel agents, tour operators, and wholesalers worldwide. The business operates offices across Scotland, England, Australia, and the US.
Traveltek has secured £5.3m in funding from YFM Equity Partners to accelerate its international expansion and strengthen its Scottish headquarters. The capital was drawn from VCT and LP funds managed by YFM.
The Scottish technology business has experienced significant growth, nearly tripling its sales over the past four years. The investment will support the company as it scales its operations globally.
From the founder
"We chose YFM based on its long history of working successfully with owner managed teams and growing businesses internationally. YFM’s investment will allow us to continue to develop our market leading position by accelerating our existing international office network as well as expanding our local Scottish headquarters to support this growth."
Kenny Picken
Managing Director at Traveltek
Use of funds
- 01Expand into international markets
- 02Build out infrastructure
Investors
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About the company
Traveltek
Traveltek develops dynamic packaging technology for the global travel sector.