Finstock Capital has provided long-term debt to tourhub as part of a £3m funding round for the Cardiff-headquartered online marketplace for group and adventure tours.
The size and terms of the debt were not disclosed. The round combines the Finstock Capital debt with equity from existing investors including the Development Bank of Wales, Waterspring Ventures and a group of business angels. The Development Bank of Wales said its latest equity investment came from the Wales Flexible Investment Fund.
tourhub was founded in Cardiff during the Covid-19 pandemic and began full trading at the start of 2023. It lists more than 15,000 tours from 750 tour operators, sells to travellers in the US, Canada, the UK and Australia, and earns a commission on bookings. Sales grew close to 40% to £23m last year, with £45m sold since launch.
The company will use the proceeds for technology and platform enhancements across search, booking and operator tools, expanded marketing across the US, Canada, the UK and Australia, adding more tour operators to the platform with a target of 1,000 by 2027, and new jobs at its Cardiff headquarters. Founder and chief executive Seamus Conlon was previously managing director of Airtours Holidays and founded Cruise.co.uk.
A Companies House filing for TOURHUB LTD shows a charge created on 1 October 2026 and registered on 2 October in favour of FCRF 2 Ltd, with fixed and floating charges over its assets and a negative pledge. The floating charge covers all the property or undertaking of the company. It is the only charge registered against tourhub. FCRF 2 Ltd’s directors and persons with significant control are Finstock Capital co-founders Edo Salvesen and Oliver Jenkinson.
tourhub raised £1m of equity in October 2023, when Waterspring Ventures invested £450,000 and the Development Bank of Wales invested £300,000 from its Technology Seed Ventures Fund and £250,000 from its Angel Co-Fund. Tom Linney, investment executive at the Development Bank of Wales, described the new raise as a “third round of funding”.
London-based Finstock Capital lends £100,000 to £5m to UK companies, including bridge finance, tax credit loans, venture debt and loans to growth companies. It says it has deployed more than £50m across more than 200 transactions and does not take equity warrants as standard. Edo Salvesen, director of Finstock Capital, said: “We are delighted to support the management team with its ambitious plans to grow through alternative debt finance together with its equity shareholders.”