TravelNest invests £7 million to establish operations

Published: 06 November 2018

Over 80 skilled jobs will be created in Edinburgh thanks to travel technology SME, TravelNest, investing £7 million to establish its operations in Edinburgh.

Public Finance and Digital Economy Minister Kate Forbes announced today that TravelNest has secured £2.3 million in R&D and RSA grant funding from Scottish Enterprise as a contribution towards this investment to accelerate its growth.

We’re excited about the future we’re building for ourselves here in Edinburgh. We have built an exceptional team here and will continue to maintain a high talent bar as we grow...

Doug Stephenson, CEO , TravelNest

 

TravelNest offers a platform that allows vacation rental hosts to access smarter hands-free marketing. The product offers frictionless set-up and uses data and technology to make marketing decisions for its users that will result in high performance for their properties.

Kate Forbes said: “Companies with innovation at the heart of their business, like TravelNest, are critical to the Scottish economy. The £2.3 million R&D and RSA funding from Scottish Enterprise will help TravelNest to realise its growth aspirations and supports our vision of a Scotland that stimulates innovation, welcomes investment and promotes its digital industries.”

Michael Cannon, Head of Innovation Grants, RSA and Open Innovation at Scottish Enterprise said: “This news is further evidence of Edinburgh’s credentials as an attractive location for technology businesses, with the city named the most active tech innovation community outside of London in the UK Tech Innovation Index..."

Full story via Scottish Enterprise news

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