The travel and tourism industry were hit hard during the pandemic. However, things are looking up for the sector with people taking an interest in travelling and outdoor activities post COVID. There’s also a notable uptick in people going camping and catering to their needs is the British start-up, HolidayFox. The startup has now secured £1.17 million in its pre-seed round from some big names, and is all set to ramp up its operations.
Funding the fun
The current funding round for HolidayFox was led by Fuel Ventures with participation from Michael and Xochi Birch (Bebo), Redbus (Simon Franks, ex-Lovefilm), the Atomico Angel Fund, D Global Ventures, Shaan Puri, and Cathexis Ventures. Some angel investors from Monzo, Talentful, Deliveroo, Ski Famille and Blockfi participated in the round as well. Post funding, the company’s valuation currently stands at £4 million.
The company’s team consisted of 15 employees prior to the funding, with half of them being part-timers. Post funding, the startup plans to scale its team up to 45 members and expand its engineering and operations division. HolidayFox will also utilise the funding to develop its product across the UK and other major European countries. ...