Tuesday, March 18, 2008

isango! , a leading provider of travel experiences on the internet has received $8m in investment

What Company Is Offering:
isango! is an ambitious young company . It offers consumers and travel professionals an authoritative source of exciting and colourful experiences - holiday tours, sightseeing, attractions, activities and the best things to do in 60 countries across the world. To help you plan and book ahead, isango! finds everything you need to make your travel experience unforgettable.

How Much They Got From VCs:
isango! , a leading provider of travel experiences on the internet has received $8m in investment to fund its next stage of growth. The funding round, which is the first institutional round for the company, was led by SPARK Ventures, which is known for previous investment success with LastMinute.com, PriceRunner and other internet-based businesses. SPARK Ventures contributed $4m; Beringea, manager of the top performing ProVen VCTs, contributed $2.5m and the remaining $1.5 million came from existing shareholders.

About VCs:
SPARK Ventures is the leading quoted early-stage venture capital company in Europe. It manages over ?240 million on behalf of major institutional investors, leading UK universities, and three quoted venture capital trusts.

SPARK invests in entrepreneurs to create dynamic businesses in the technology, media, telecoms and healthcare&life sciences sectors. As well as capital, it brings a wealth of experience of developing high growth companies from early stage through to IPO or trade sale, adding value to its investments through active support and strategic direction.

Some of its exits include Mergermarket, Lastminute.com, Footfall, Nomad, Pricerunner, Elata, Glycart, OHM and Avidex.


Beringea is an international private equity and investment banking firm with offices in London, Los Angeles, Detroit (U.S.) , and Shanghai. Beringea invests in a range of emerging sectors including media, Internet technologies, marketing services and advanced communications.

Beringea launched its first VCT in 1996, making it one of the most experienced VCT managers in the UK. Beringea is the manager of ProVen VCT and ProVen Growth&Income, the highest performing VCTs of their launch years according to www.taxefficientreview.com .
For more information please visit www.beringea.com/ http://www.provenvcts.com .

More at:www.isango.com

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