TourHub raises £3 million in equity and debt financing backed by Development Bank of Wales

• TourHub, a Cardiff-based online marketplace for group and adventure tours, raised £3 million in equity and long-term debt financing.
• Existing equity investors included Development Bank of Wales, Waterspring Ventures and business angels; this marked the bank's third funding round.
• Finstock Capital provided the long-term debt.
• Proceeds will fund technology upgrades, international marketing and operator expansion, targeting 1,000 tour operators by 2027.
• Sales grew close to 40% to £23 million last year, bringing cumulative sales since launch to £45 million.

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