TravelHorizon Raises €20 Million

TravelHorizon BV, a French operator of an online travel site, has raised €20 million in new VC funding. AGF Private Equity and CM-CIC Capital led the round, and were joined by return backer Wellington Partners. Hotel management company HMC is no longer a shareholder. Part of the proceeds will be used to acquire Sportura BV, a Dutch online travel site focused on ski-related trips. www.travelhorizon.com