Vosaio aims for expansion after multimillion investment

Vosaio aims for expansion after multimillion investment

Group travel B2B appoints Geoff Parkin as non-executive chair

B2B group travel specialist Vosaio has secured a multimillion investment as it bids to expand its market reach.

The investment in the destination management company has been made by growth capital investors BGF, which will take a minority stake in the business.

Vosaio is looking to expand in both new and existing markets and build out its senior leadership team and the investment will help develop AI capabilities for its technology platform.

Founded in 2009, Vosaio currently operates in 25 countries and operates a proprietary end-to-end booking and operating system offering bespoke itineraries and travel programs for local market tour operators.

The firm has also appointed former LEK Consulting partner Geoff Parkin as non-executive chair.

The appointment follows an introduction from BGF’s Talent Network, which connects portfolio companies to non-executives.

Parkin has a focus on the travel and leisure sector, having previously held roles at British Airways and American Express.

Martin Knuepfer, founder and CEO of Vosaio, said: “Having delivered significant growth to date, the time was right to explore a minority investment partnership that would take our business to the next level.

“The BGF team has developed a strong relationship with Vosaio and has demonstrated significant experience in scaling ambitious international businesses that are powered by technology.

“We’re excited to be embarking on this next chapter and are also delighted to be working alongside Geoff Parkin in his new role as non-executive chair.”

BGF investor Zahir Kasmani said: “Vosaio has a unique and scalable business model that is based on its multi-source and multi-destination offering, its best-in-class technology platform, and its reputation for reliability and quality.

“We’ve long admired the tenacity and vision demonstrated by the management team and we look forward to supporting the business on its next phase of growth.”