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LeisureLink Raises $17M to Fuel Explosive Growth

LeisureLink Raises $17M to Fuel Explosive Growth

January 19, 2016

New York, NY – LeisureLink (“LeisureLink” or the “Company”), a portfolio company of Kinderhook Industries, LLC, announced today that it has closed a $17M round of growth funding. The capital, provided by Clearstone Ventures, Kinderhook Industries, and Escalate Capital Partners, will be used to scale company operations to meet the rapidly expanding demand for LeisureLink’s services.

A travel technology innovator since 2007, LeisureLink helps thousands of vacation rental lodging providers grow their bookings through three distinct offerings: Distribution, Reservations and Technology services. Vacation Rentals are one of the fastest growing categories in travel, and the industry has seen significant changes recently as consumer awareness grows and the world’s leading travel brands make major investments in the category.

“While the growth of the category is great news for vacation rental management companies, the task of distributing, merchandising and managing their inventory across the dynamic landscape of third-party distribution is growing increasingly complex,” explained LeisureLink CEO, Julian Castelli. “Vacation rental suppliers need connectivity, tools, and expert services to benefit from this market opportunity. LeisureLink is the leading provider of these services, and as a result, we are seeing explosive demand for our services.”

“I love finding a desperately needed business that can capture market leadership without too much attention,” said Jim Armstrong, Managing Director at Clearstone Venture Partners. “We believe LeisureLink is a better way to invest in the fast-growing online vacation rental marketplace than Airbnb, HomeAway or any of the customer facing sites. We represent the suppliers, don’t have to reacquire our customers, and have a terrific performance-based revenue model.”

LeisureLink has delivered over $1B in bookings to vacation rental management companies and is growing rapidly. The company plans to utilize the additional capital to expand its operations and enhance its industry-leading technology platform. “We are grateful for the trust that our customers have put in us by adopting the LeisureLink distribution platform,” said LeisureLink COO, Jim Barsch. “We are excited about the capabilities that we are building internally and the expanding partnerships that we are creating with third-party distributors, as these will allow us to deliver even greater booking volume to our customers while enhancing our customer service.”


About Kinderhook Industries

Founded in 2003, Kinderhook Industries, LLC is a private investment firm that manages over $5.4 billion of committed capital. We have made in excess of 375 investments and follow-on acquisitions since inception. Kinderhook’s investment philosophy is predicated on matching unique, growth-oriented investment opportunities with exceptional financial expertise and our proprietary network of operating partners. Our focus is on middle market businesses with defensible niche market positioning in the healthcare services, environmental / business services, and automotive / light manufacturing sectors. We have a track record of successfully and consistently building industry leaders.

For more information, please visit https://www.kinderhook.com


About Leisure Link

LeisureLink offers vacation property suppliers the opportunity to distribute their inventory to top online travel agencies like Expedia, Booking.com, BookIt.com, and Orbitz; all major global distribution system players; and the top travel sites. Suppliers can manage their distribution from one platform - optimizing rates, availability, specials, and even content changes. Suppliers are provided with specialty distribution consulting and expertise from Account Managers who understand travel distribution, and can maximize exposure. Finally, LeisureLink consolidates all accounting, payables and receivables with a single, reliable source of payment, providing order and clarity to the often complex accounting issues in the world of travel distribution.

For more information, please visit http://www.leisurelink.com/

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