Maven Capital Partners led the Series A round with participation from Scottish Enterprise and existing backers.
"This investment is a game changer for us and really sets us up for our next big phase of growth. We have always taken a test and learn approach to our investments in growth and that has not only kept us in control of our destiny as shareholders but has carried us through some of the most testing times for businesses that we have ever seen. I am excited that in partnership with Maven we will be able to accelerate our growth and capitalise on the massive market opportunity"
Par Equity led the Series A round with participation from Mercia, Triplepoint, SIS Ventures, Scottish Enterprise and the MacLeod Family Trust.
"Our technology is already making a significant impact within counter terror and child sexual abuse investigations in the UK, and we're excited to build on this momentum in mainland Europe and the US. We've built a great network of partners to support our ambitious growth plans, and our team will double in size during each of the next two years to support this growth."
The round was co-led by GWC alongside Maven Capital Partners, Scottish Enterprise, ESM Investments, and Galvanise Capital.
"Our next-gen solution for shoppable marketing provides a seamless experience not only for the end customer, but also for the marketer, and we see tremendous opportunity to expand our wide variety of solutions in rapidly maturing markets, such as the US, over the next year,"
Silicon Valley Bank and Scottish Enterprise have backed TravelNest to support staycation growth and product development.
"We are excited about the year ahead. The changing dynamics of travel play to our advantage and present a huge opportunity for TravelNest and our customers. Industry data shows that people are opting for holiday rentals over hotels, and there is also a marked shift in travel behaviour with more domestic travel and a preference for accommodation in rural rather than urban settings."
