Luxury villa specialist gets £1m funding

EDGE RETREATS, a London-based tech start-up specializing in #luxury villas worldwide, has closed a seed funding round of close to £1 million. 

Launched in 2015, the company says it is the first global curated marketplace for booking both luxury villas and concierge services online. It provides access to the world’s most #exclusive #villarentals – whose owners rarely want to use mass-market products.

The company was founded by travel journalist turned tech entrepreneur, Luke McCormick, who estimates that the value of the luxury villa rentals market will be at least £23 billion by the end of this year. With online travel sales growing at 12% annually, he sees plenty of room for growth.

McCormick says: ‘After getting great support from Forward Partners over the past year, we’re excited to be partnering with Lean Investments to accelerate the growth of our company. This investment will allow us to continue to build a world-class product while increasing the number of properties and countries that we feature.

‘We’re pleased to be simplifying the process of finding and booking luxury villas around the world while offering exceptional concierge service.’

The company currently has more than 2,000 upscale holiday properties in 35 countries from the US to Australia … and some of them are on private islands.

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