Smart Destinations Receives $3m in Capital to Support New Technology

Boston, MA - Smart Destinations Inc., la compagnie derrière cartes Go City et Explorer passe, a annoncé qu'elle a récemment fermé le $ 3 Millions dans le financement de la dette. Le capital supplémentaire aidera l'entreprise à aller de l'avant avec les améliorations continues de son infrastructure de technologie ... [En savoir plus]

Boston, MA - Smart Destinations Inc., la compagnie derrière cartes Go City et Explorer passe, a annoncé qu'elle a récemment fermé le $ 3 Millions dans le financement de la dette. Le capital supplémentaire aidera l'entreprise à aller de l'avant avec les améliorations continues de son infrastructure de technologie de la planification, de réservation, et le rachat des activités à destination.

“This is the last frontier of travel technology,” said Kevin McLaughlin, co-founder and CEO of Smart Destinations. “Flights, hotels, and rental cars have all had their planning and booking paths radically overhauled by the Internet and other customer facing technologies. In terms of booking the things people do when they reach their destinations, it remains almost virgin territory. People still walk up to ticket desks to pay full price. There is more spending on this segment of travel than any other, so it’s a huge opportunity and overdue for a change.”

McLaughlin went on to say that Smart Destinations already had many of the pieces in place and actively running to drive such a change. “We’ve got our ticketing platform installed in over 425 museums, sights, and tours across North America. Places like the Field Museum, SeaWorld, the Empire State Building, Madame Taussauds, Gray Line, and so on, all the must-sees. We’ve driven 4 million customer visits to these partners already, so everything works and is scalable. We have coverage in the key travel markets and distribution through most of the big travel players. So we’re extremely well positioned to do for sightseeing and attraction visits what OpenTable is doing in the restaurant space.”

While the specific nature of the technology efforts supported by the new funding were not revealed, Mclaughlin said that it would be concentrated on continuing to expand and extend the company’s ability to overhaul the in-destination activities market. “We’ve made a great start with an offering that brings visitors to our attraction partners; saves travelers time and money; and effectively aggregates a fragmented space for our distribution channels. We have a clear roadmap to take it to the next level and create an even more valuable offering for all of these constituents.”

The funding was led by MMV Financial of Toronto. MMV offers long-term venture loans for venture backed technology and life science companies in North America. Its approach allows companies to quickly access growth capital with limited dilution. Some of their clients include, Click Sqaured, Diablo Technologies, Inc. Laszlo Systems, and LucidMedia Networks, Inc.

"Quand beaucoup disaient que 'appartement est la nouvelle place,' Smart Destinations continué à développer ses lignes haut et bas pendant la récession», a déclaré Brad Steele, vice-président de MMV Financial, "Nous sommes heureux de soutenir une telle croissance constante et entreprise innovante. "

Square 1 Bank of Durham, NC continues its four year relationship with Smart Destinations by providing an additional $1M in available debt financing. Square 1 Bank is a full service commercial bank dedicated to providing financial services to venture capital firms and entrepreneurs in all stages of growth and expansion.

À propos de Smart Destinations

Smart Destinations est le premier fournisseur de l'accès illimité visites passe 15 principales destinations de voyage en Amérique du Nord à partir de Oahu à Boston. Le système de billetterie de la Smart Destinations comprend plus 425 musées, attractions et visites, les agréger dans chaque destination sur prix fixe, des produits multi-admission, entraînant jusqu'à 50 % D'économies par rapport à l'achat des billets distincts. La combinaison de l'épargne et de la commodité a entraîné 94 Satisfaction de la clientèle% telle que mesurée par 3 la recherche du parti ème et aidé l'entreprise rang 78 sur Inc. Magazine 2008 liste des 500 croissances les plus rapides. Distribué par des services de voyage dans les grands 25 pays ainsi que sur le Web, les produits de Smart Destinations sont un "compagnon de confiance" pour la meilleure destination a à offrir à un prix imbattable. Pour plus d'informations sur la société et ses produits, visitez le site www.smartdestinations.com .

A propos de MMV Financial

MMV Financial is a specialty finance company providing creative debt solutions directly to technology and life sciences companies across North America. MMV is backed by top U.S. and Canadian private equity firms and financial institutions including CCP Equity Partners, Caisse de dépôt et placement du Québec, Fonds de Solidarité FTQ, HSBC Bank Canada, ROI Capital, and Wells Fargo Company. For more information please visit www.mmvf.com.

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