Who: Montreal-based Luxury Retreats, which creates personalized villa vacations, offering more than 2,000 villas in over 50 destinations. As a full service villa rental company, Luxury Retreats offers guests complimentary concierge services, worldwide guest support, as well as villa specialists who help travelers find their perfect villa.
How much: $5-million in a financing led by iNovia Capital. As part of the deal, iNovia’s Chris Arsenault will join the board, along with Bertrand Cesvet, founding partner of Cirque du Soleil Lifestyle Group and chairman of global agency Sid Lee; and Hugh Crean, entrepreneur in residence at General Catalyst Partners.
The Quote: “We are excited to announce this funding. Up to this point, we have been very successful in servicing our rapid internal growth by redeploying profits internally, enabling us to maintain our position as the largest luxury villa rental company in the world. This capital provides us the additional financial flexibility to pursue opportunistic investments to enhance our long-term growth plans, with our ultimate goal to remain the leading player in the global luxury rental market.” - Joe Poulin, Luxury Retreats’ founder and chief executive officer
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