My Destination secures £1m of funding

My Destination secures £1m of funding

My Destination, has secured a funding injection of £1 million as it continues to expand into new regions.


The online travel resource, which rebranded from MyDestinationInfo.com in September, said the latest funding has come from existing franchisees having released 10% equity in the business.


My Destination now covers 110 destinations, up from 65 when it secured £500,000 of investment in September 2010.


The most recent additions to its portfolio of destinations had included Melbourne, Pattaya, St Petersburg, Rio de Janeiro and Seoul.


Co-founder Neil Waller said: “This new investment will be used to allow us to fund a plan for the aggressive expansion of our team, particularly on the technology side, so that we can achieve the fastest route to market for the ambitious plans we’ve been preparing for 2012.”

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