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

马萨诸塞州波士顿 - 智能目的地公司,该公司背后转到市卡和资源管理器中通过,宣布在$最近关闭3亿美元的债务融资。额外的资金将有助于公司向前迈进,不断增强其技术基础设施... [阅读更多]

Boston, MA — Smart Destinations Inc., the company behind Go City Cards and Explorer Passes, announced that it recently closed on $3 Million in debt financing. The additional capital will help the company move forward with continued enhancements to its technology infrastructure for the planning, booking, and redemption of in-destination activities.

“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.

“When many were saying that ‘flat is the new up,’ Smart Destinations continued to grow its top and bottom lines during the recession,” said Brad Steele, Senior Vice President of MMV Financial, “We are happy to support such a steadily growing and innovative company.”

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.

关于 Smart Destinations

智能目的地是无限制入场观光通行证的首选供应商15从瓦胡岛到波士顿的主要北美旅游目的地。智能目的地的票务系统包含在内425博物馆,景点和旅游,将它们聚集在每个目的地的固定价格,多入场产品,最终达到50与购买单独的门票相比节省了%。节约和便利的结合导致了94通过衡量的客户满意度百分比3党的研究和帮助公司排名78上 Inc.杂志2008的清单500发展最快的公司。通过主要旅游服务分发25无论是国家还是网络,Smart Destinations的产品都是“值得信赖的伴侣”,为目的地提供无与伦比的优惠价格。有关该公司及其产品的更多信息,请访问 www.smartdestinations.com

About 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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