Flash Pack, an adventure-travel company specializing in boutique trips for solo travelers in their 30s and 40s, has announced a $6.2 million fundraising round to bolster its platform and increase staffing in the United States.
The funding round was led by JamJar Investments with participation from existing investor PPF Group. The investment comes three years after the pandemic’s travel restrictions forced the business into bankruptcy. CEO and co-founder Radha Vyas relaunched Flash Pack in 2021, backed by PPF, with a mission to create 1 million friendships by curating meaningful experiences and memorable group dynamics for every trip.
Subscribe to our newsletter below
“In the last two years since the brand’s relaunch, we have seen a massive appetite from customers to build meaningful connections through travel,” Vyas said. “Solo travel has rapidly grown in popularity as people look to make up for lost time and expand their horizons, and the recent investment indicates the value and opportunity in this growing trend. We are incredibly excited to continue our success within the U.S. market, creating even more friendships in the process.”
The 65-person company seeks over the next six months to triple its employee count in the U.S., the company’s fastest-growing market, accounting for 60% of its total trip sales.
JamJar Investments co-founder Richard Reed praised Vyas and said investors need to do more to fund female-founded ventures, particularly from women of color.
“Under Radha’s leadership Flash Pack has escaped the fate of the pandemic and come out better than ever, and so we have high hopes for what they will achieve over the next three years,” Reed said. “Flash Pack is not just revolutionizing the way people travel, but how we interact with one another.”
The Phocuswright Conference 2023
Join us in Fort Lauderdale November 13-16 to hear about the startup investment landscape with panelists Amy Burr of JetBlue Technology Ventures, Kurien Jacob, managing director at Highgate Technology Ventures and Mia Morisset, principal at Inovia.