Traveltekraises£5.3millionfunding

Scotland-based Traveltek has picked up £5.3 million in funding from YFM Equity Partners.

Traveltek has been around since 2002 and provides dynamic packaging technology and associated back-office functions to agents, tour operators and wholesalers.

As well as its core B2B business, it also builds consumer-facing websites.

A corporate video on its site says that it has access to 100 suppliers – GDSs, airlines, bedbanks, cruise lines etc – and that “its customers are transacting over $8 billion a year through us.”

Sales for Traveltek are up 250% over the past four years.