Gresham House Ventures has backed the AI-powered marketing analytics platform in a £4.1m growth investment.
"Gresham House Ventures brings a wealth of experience to help us scale at speed. Its backing is a huge vote of confidence in our mission to empower marketers and agencies to make better, data-driven decisions. We’re fired up, ambitious, and ready to take things to the next level with the support and experience of the team at Gresham House Ventures."
The funding will support growth among UK small businesses and product development.
"This investment from Gresham House Ventures is a vote of confidence in our goal of bringing better pension solutions to businesses and savers and will enable us to further enhance our digital offering. Gresham House Ventures has a fantastic track record of supporting fast-growing businesses like ours so we are confident this investment will enable us to accelerate our recent momentum."
Gresham House Ventures backed the round to support product development and go to market scaling.
"Coming off the back of a very strong year of financial growth and strategic transition under Jim's excellent leadership, we believe these additional strategic steps in taking further investment, and making key new appointments will position Patchworks for even stronger growth in 2024."
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."