Barclays Ventures has invested a significant minority stake in youtravel.com, a new internet travel business. The investment forms part of a deal valued at over £15m. youtravel.com, which launched this week, is targeted primarily at travel agents, offering them an exclusive online bed bank for hotels and resorts around the Mediterranean and other worldwide destinations. The site also includes quick reference travel guides, weather reports, and other local information for the consumer market, which is expected to constitute 15% of their business.
Company has raised €20m so far over two funding rounds
HV Holtzbrinck and Lakestar also participate in the round for the dental technology startup
IK VIII held a final close in November 2016 with €1.85bn and was 87% deployed as of December 2019
With the GP's support, Bomi intends to pursue an intensive buy-and-build strategy