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The worldwide growth-focused fund invests a further USD 50m to proceed supporting Civitatis because it cements its place because the premier model for excursions and actions for purchasers throughout Spain and Latin America.
LONDON — Vitruvian Companions has bought an extra possession stake in Civitatis, the main curated on-line market for guided excursions and actions for Spanish and Portuguese talking shoppers, investing a further USD 50m. Civitatis continues to be led by the founder and CEO Alberto Gutiérrez, who established the corporate in 2008.
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Civitatis is a uncommon instance of an organization that has been cashflow constructive from day one, constructed by its founder with none exterior capital. The Firm stays on monitor to be a future Spanish unicorn, as a curated market for the big and rising excursions and actions class, underpinned by a fast digitalization tailwind. Founder and CEO Alberto Gutiérrez stated, “Our progress and profitability have been fuelled by a mixture of extremely efficient gross sales channels, well-invested know-how platform, and a customer-centric strategy, offering the actions and excursions in our clients’ personal most popular language. Our clients respect our expertly curated catalogues of actions the world over, in addition to the simple reserving and, after all, the excellent expertise that they’ve with us. With the help of Vitruvian, we’re persevering with to increase our choices and meet the calls for of our quickly rising buyer base.”
The corporate, headquartered in Madrid, affords 90,000 actions throughout 160 international locations, with over 10 million clients in 2023. Vitruvian Companion, Sophie Bower-Straziota, stated, “Beneath Alberto’s sturdy management Civitatis has grown at an distinctive charge, 50% every year, while sustaining steady and powerful profitability. The market potential is giant and rising, with c.750 million Spanish and Portuguese audio system worldwide. We have been delighted to have the chance to extend our shareholding and present further help for the corporate to proceed its spectacular growth.”
Over the approaching years Civitatis will proceed to cement its place because the premier model for excursions and actions for purchasers throughout Spain and Latin America, with a specific give attention to Mexico, Brazil, and Argentina, the place it has already held the highest place in gross sales for years. The funding is the sale of secondary shares, as the corporate has no want for major capital, having been worthwhile since inception.
About Civitatis
Civitatis is the main curated market for excursions and actions in Spanish with greater than 90,000 actions in 4,000 locations throughout 160 international locations.
About Vitruvian
Vitruvian Companions is a global growth-focused investor with workplaces throughout London, Madrid, Miami, Stockholm, Munich, Luxembourg, San Francisco, Singapore, Mumbai and Shanghai. Vitruvian focuses on dynamic conditions characterised by fast progress and alter throughout asset-light industries. Vitruvian has c.$20bn of energetic funds. The funds have backed many international leaders inside areas of journey and experiences know-how, together with Skyscanner, Fever, Sykes, Journey Counsellors, OAG and Jac Journey; in addition to different know-how leaders similar to Simply Eat, Clever, Darktrace, CRF Well being, Snow Software program and Bitdefender.
Additional info may be discovered at www.vitruvianpartners.com.
View supply model on businesswire.com: https://www.businesswire.com/information/dwelling/20240626170775/en/
Contacts
Siobhan Loftus at Vitruvian Companions
Siobhan.Loftus@vitruvianpartners.com
Óscar Fernández
(Head of Communications)
ofernandez@civitatis.com
+34 609 488 694
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