Business travel management company Click Travel has attracted an unspecified multi-million pound investment.
The funding has come from BGF, an investor in small and medium-sized firms in the UK.
This follows a sustained period of technological advances and new client wins by the Birmingham-based TMC founded in 1999 by brothers Simon and James McLean.
Click Travel’s next-generation approach to business travel management has seen the company averaging annual growth of 30% since 2012.
BGF elected to back Click Travel based on the company’s potential for further growth – already validated by Click Travel’s inauguration into Tech Nation’s Future Fifty, a government-backed programme for late-stage digital businesses including Deliveroo, AO and Skyscanner.
The funding will be channelled by Click Travel’s product and engineering team into delivering their vision for the future of travel management.
Click Travel chief executive Jill Palmer said: “Click Travel has grown rapidly in recent years thanks to a great product and brilliant people.
“Our mission has always been to reduce the cost and complexity of travel management, which has enabled us to drive the expansion of the business.
“BGF’s long-term approach is the right fit for our business model and our future plans.
“Equally important, we have got to know the Birmingham team, their ethos and culture well over the past two years. We are looking forward to working with them and connecting into their wider network.”
Mark Freer, an investor at BGF who will join the board of Click Travel, said: “Jill, Simon and James are a fantastic management team with a combination of deep market knowledge, creativity and professionalism.
“They have established a strong reputation across a loyal customer base and operate in a market with significant growth potential. We’re delighted to be backing them.”