Maven injects £2m into Chic Retreats
Glasgow-based Maven Capital Partners has invested ТЃ2m in software-as-a-service (SaaS) platform Chic Retreats, marking its third investment in six months.
The GP's investment in Chic Retreat will enable the group to further develop its technology and widen its network of clients, as well as enhance its mobile version.
Maven was the only investor in the round, and used all of its six venture capital trust funds (Maven Income and Growth VCT 1 to 6) to invest in the company.
Company
Chic Retreats is a SaaS-platform enabling independent, boutique hotels and luxury villas to advertise rooms, rates and availability online.
Developed on Google Cloud, the platform also allows its users to manage their inventory in real time and process bookings through traffic generators. Clients can join the platform by invitation only.
The group is headquartered in London, and currently employs 12 people.
People
Chic Retreats – Amir Azulay (CEO).
Maven Capital Partners – Stella Panu (partner).
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