TravelShark has secured $5million of funding to further accelerate the company’s plans to grow revenue and global sales.
The cash infusion came from DLA holdings, a Singapore-based private equity firm. With the addition this latest round of funding, TravelShark has raised a total of $8 million.
“This additional funding is a nod to the dramatic expansion that TravelShark has achieved in traffic and revenues across its global network of 12,000 travel sites, as well as the tremendous opportunity we have to further accelerate growth,” said Sue Heilbronner, chief executive of TravelShark.
“With this financing, we will invest in sales, marketing, and new product development to leverage our new consumer-friendly brand and our traction with travel suppliers and consumers.”
TravelShark’s featured hotel program has already attracted more than 600 hotels, hotel brands, hospitality companies, and interactive marketing agencies in over 20 countries.