Vosaio, a London, UK-based company which specializes in group travel, received a multimillion investment from BGF.
The round was led by BGF’s London team.
The company intends to use the funds to expand its market reach across new and existing geographical markets, build out its senior leadership team and drive further investment into its technology platform by incorporating cutting-edge AI capabilities.
Founded in 2009 by CEO Martin Knuepfer, Vosaio is a destination management company that operates a B2B model, designing and fulfilling bespoke group tours to Europe and beyond. It employs teams across 25 countries, with a presence across Asian source markets.
With a proprietary end-to-end booking and operating system, Vosaio’s technology platform enables staff across teams and geographies to operate at scale efficiently, creating bespoke itineraries and travel programs for local market operators.
Commenting on the news, Martin Knuepfer said: “Having delivered significant growth to date, the time was right to explore a minority investment partnership that would take our business to the next level. The BGF team has developed a strong relationship with Vosaio and has demonstrated significant experience in scaling ambitious international businesses that are powered by technology. We’re excited to be embarking on this next chapter and are also delighted to be working alongside Geoff Parkin in his new role as non-executive chair.”
FinSMEs
14/05/2024