Online travel agency BookIt.com has closed $10 million in funding from Chicago investment firm Monroe Capital. According to the firm, the capital will be used for growth and expansion.
Panama City Beach, Fla. (PRWEB) January 13, 2014
BookIt.com Inc. announced the acquisition of $10 million in funding from Monroe Capital to support growth opportunities and expansion.
“BookIt.com has been operating for about 10 years without taking on outside capital,” said Tom DiBacco, Vice President of Business and Finance for BookIt.com. “We are excited to have secured funding needed to open up additional opportunities and continue our strong growth trajectory.”
Among other areas of focus, the company plans to continue to invest in technology including mobile, product development and expanding inventory sources.
Monroe Capital is a private investment firm based out of Chicago, Ill. providing senior and junior debt and equity co-investments to middle-market companies in the U.S. and Canada.
About BookIt.com Inc.
Based in Panama City Beach, Florida, BookIt.com is a privately-held online travel agency providing customers travel packages to leisure destinations in the United States, Mexico and the Caribbean. BookIt.com offers customers the ability to search for and book a broad range of travel products and services, including hotels, air travel, car rentals, cruises, travel insurance and destination services from suppliers. For more info, visit http://www.bookit.com.