Inspirato Announces $11 Million Capital Raise For Technology Platform, Branding, and New Partnerships

By: Destination Club News
Date: May 21, 2011

Reportedly adding 100 new club members each month and already surpassing the $4 million threshold in sales since their launch earlier this year, Inspirato has now announced that they have closed on an $11 million capital raise to further expedite their growth. The funds are planned to be used to expand their proprietary technology platform as well as the procurement of new partnerships and better brand awareness.

The funding doesn't come from venture firms, but rather from approximately 50 wealthy individuals, many of whom received complimentary memberships as part of their investment with the new destination club.

"Our pricing model is highly disruptive in the luxury travel market, and both sophisticated travelers and investors recognize Inspirato’s growth potential," said Founder and CEO Brent Handler. "This extraordinary level of commitment from leaders in the investment community positions us to deliver more robust travel experiences to our members sooner than we expected. We are grateful for this opportunity to deliver an affordable luxury travel experience to a significant market segment."

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