Vitruvian Partners Increases Stake in Civitatis
2024年6月26日 - 6:00PM
ビジネスワイヤ(英語)
The international growth-focused fund invests an additional
USD 50m to continue supporting Civitatis as it cements its position
as the premier brand for tours and activities for customers across
Spain and Latin America.
Vitruvian Partners has purchased a further ownership stake
in Civitatis, the leading curated online marketplace for
guided tours and activities for Spanish and Portuguese speaking
consumers, investing an additional USD 50m. Civitatis
continues to be led by the founder and CEO Alberto Gutiérrez,
who established the company in 2008.
Civitatis is a rare example of a company that has been
cashflow positive from day one, built by its founder without
any external capital. The Company remains on track to be a
future Spanish unicorn, as a curated marketplace for the large
and growing tours and activities category, underpinned by a rapid
digitalization tailwind. Founder and CEO Alberto Gutiérrez said,
“Our growth and profitability have been fuelled by a combination
of highly effective sales channels, well-invested technology
platform, and a customer-centric approach, providing the
activities and tours in our customers’ own preferred language. Our
customers appreciate our expertly curated catalogues of activities
across the world, as well as the easy booking and, of course, the
outstanding experience that they have with us. With the support
of Vitruvian, we are continuing to expand our offerings and meet
the demands of our rapidly growing customer base.”
The company, headquartered in Madrid, offers 90,000 activities
across 160 countries, with over 10 million customers in 2023.
Vitruvian Partner, Sophie Bower-Straziota, said, “Under Alberto’s
strong leadership Civitatis has grown at an exceptional rate,
50% each year, whilst maintaining continuous and strong
profitability. The market potential is large and growing, with
c.750 million Spanish and Portuguese speakers worldwide. We
were delighted to have the opportunity to increase our shareholding
and provide additional support for the company to continue its
impressive expansion.”
Over the coming years Civitatis will continue to cement its
position as the premier brand for tours and activities for
customers across Spain and Latin America, with a particular
focus on Mexico, Brazil, and Argentina, where it has already held
the top position in sales for years. The investment is the sale
of secondary shares, as the company has no need for primary
capital, having been profitable since inception.
About Civitatis
Civitatis is the leading curated marketplace for tours and
activities in Spanish with more than 90,000 activities in 4,000
destinations across 160 countries.
About Vitruvian
Vitruvian Partners is an international growth-focused investor
with offices across London, Madrid, Miami, Stockholm, Munich,
Luxembourg, San Francisco, Singapore, Mumbai and Shanghai.
Vitruvian focuses on dynamic situations characterized by rapid
growth and change across asset-light industries. Vitruvian has
c.$20bn of active funds. The funds have backed many global leaders
within areas of travel and experiences technology, including
Skyscanner, Fever, Sykes, Travel Counsellors, OAG and Jac Travel;
as well as other technology leaders such as Just Eat, Wise,
Darktrace, CRF Health, Snow Software and Bitdefender.
Further information can be found at
www.vitruvianpartners.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20240626170775/en/
Siobhan Loftus at Vitruvian Partners
Siobhan.Loftus@vitruvianpartners.com Óscar Fernández (Head of
Communications) ofernandez@civitatis.com +34 609 488 694