Vancouver-based ToursByLocals raises $43 million CAD in first round of financing

Jan 13 16:01 2020 Print This Article

ToursByLocals, an online marketplace that connects travellers in search of customized, private tours with handpicked tour guides, has raised $43 million CAD ($33 million USD) in growth capital. This funding represents the first-ever raise for the Vancouver-based company.

This funding represents the first-ever raise for the Vancouver-based company.

The private equity financing was raised from Tritium Partners, an Austin, Texas-based firm that has previously invested in the recreational vehicle marketplace, RVshare. ToursByLocals said the capital will be used to make enhancements in the platform’s user experience, technology, and marketing, as well as for hiring efforts.

Paul Melhus, CEO and co-founder of ToursByLocals, said he values the strategic advice offered by Tritium’s team and its network of marketplace executives, as the company continues to scale up its operations.

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