Family Traveller, a London-based travel media startup aimed at mothers looking to plan a family getaway, has raised £750,000 ($1.2m) in a round backed by the Cass Entrepreneurship Fund.
Cass, City University London’s (CUL) £10m university venturing fund, was joined by state-backed Angel Co-Fund and a number of private angel investors in backing the round.
Founded in 2013 by former News Corporation executive Andrew Dent, the startup has no formal ties to CUL. Family Traveller will be using the cash to further develop its digital arm to complement its print edition, and to grow its user base with a view to attract more investment further down the road.
Dent said: “Our goal is to build a valuable niche in family travel, with high quality curated content and a targeted market place for advertisers. The opportunity is global with the market set for rapid growth. Despite this opportunity and evident consumer demand, there is no one else doing what we do in the UK or overseas. This offers an enormous opportunity for us to take the Family Traveller brand into new markets – and this will be a major area of focus for us over the next three years.”
