Gresham Home Ventures, a progress investor specialising in tech-enabled companies throughout software program, healthcare, and client has dedicated a £5mn funding into A lot Higher Adventures (MBA), a web-based journey firm specialising in energetic outside journey holidays.
MBA was established by co-founders Alex Narracott, Man Bowden and Sam Bruce to capitalise on the rising demand for socially accountable journey journey, particularly solo travellers on the lookout for an expertise completely different from “fly and flop”. Partnering with handpicked native operators, MBA’s platform offers unique, solo-friendly and expert-led journeys worldwide.
In a extremely fragmented, aggressive and fast-growing sector, MBA has delivered sturdy natural progress and constructed a loyal world following. Revenues have grown 11x since 2019 (pre-Covid) and tripled previously two years alone, underlining the rising demand for the corporate’s curated, high-quality experiences. MBA has welcomed adventurers from over 100 international locations, reflecting its common attraction.
MBA is a B Corp-certified enterprise devoted to advancing sustainable practices within the journey business. The enterprise mannequin is designed to maximise assist for regional economies through which it operates by collaborating with native companies funding conservation tasks, and lowering its carbon footprint.
MBA is the third journey firm to hitch Gresham Home Enterprise’s portfolio, which already contains tailored vacation knowledgeable TravelLocal and staycation vacation supplier Caledonian Leisure. The funding will allow MBA to boost its go-to-market technique, improve platform automation, broaden its providing throughout new locations and actions, and improve its worldwide presence to reap the benefits of the worldwide market alternative.
The deal, led by Greg Blin and supported by Hamza Rafiq, marks the primary institutional funding for MBA, and continues a busy interval of dealmaking for Gresham Home Ventures. Current offers embrace a €4.25mn funding into accessibility knowledge platform Mobility Mojo, a £5.5mn funding into cybersecurity enterprise OnSecurity and a £6.3mn funding into knowledge governance and cyber incident administration leaders ActiveNav and Actfore.
Cavendish, the full-service funding financial institution for progress and funding corporations, had been the advisers to A lot Higher Adventures on this deal.
Greg Blin, funding associate at Gresham Home Ventures, stated, “MBA has developed a particular proposition which appeals to shoppers in search of out sustainable, energetic journey experiences. With a trusted popularity and consumer-centric strategy, we consider the enterprise is well-placed to proceed on its spectacular trajectory and capitalise on a pretty world market alternative. We’re very excited to be backing Alex Narracott (CEO) and his workforce and supporting their worldwide enlargement plans over the approaching years.”
“We began A lot Higher Adventures within the French Alps, impressed by our shared ardour for the outside and a perception that journey could possibly be a drive for good,” added Alex Narracott, CEO and co-founder of A lot Higher Adventures. “From these early days, we’ve been pushed by a daring imaginative and prescient: to create the world’s main platform for energetic, sustainable journey journey. Right this moment, we’re proud to have constructed a world neighborhood of adventurers who search extraordinary experiences – and care about having a optimistic impression within the course of. With Gresham Home’s assist, we’re excited to speed up our worldwide progress, broaden into new locations, and convey our mannequin for journey to much more individuals around the globe—whereas persevering with to guard the wild locations that encourage us.”
About Gresham Home Ventures
Gresham Home Ventures is an skilled investor, offering versatile progress and secondary capital. Gresham Home Ventures companions with distinctive administration groups in fast-growing, progressive companies throughout a various vary of sectors, together with healthcare & training, client markets and enterprise options. The workforce has been working collectively for over 10 years and has revamped 100 investments into progress companies.
About A lot Higher Adventures
A lot Higher Adventures is a fast-growing, multi-award-winning, B-Corp licensed journey firm on a mission to guard the world’s wild locations, one journey at a time. Specialists in energetic outside adventures, the corporate gives over 200 expertly guided journeys throughout 70+ international locations, with 75% of shoppers touring solo and most of their 30s-50s.
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