Despegar.com Announces $150 Million Investment by L Catterton

Aug 21, 2020•almost 5 years ago

Amount Raised

$150 Million

Description

Despegar.com (the “Company”), the leading online travel agency in Latin America today announced that on August 20, 2020, it entered into a private placement with an affiliate of L Catterton Latin America in which Despegar will issue and sell non-convertible preferred stock plus warrants to purchase ordinary shares for an aggregate purchase price of $150 million. The Company expects the investment to close in September 2020, subject to customary closing conditions. Despegar intends to use the proceeds from this investment for general corporate purposes, including potential acquisitions.

Company Information

Company

About

AccelFoods is an early-stage venture fund investing in consumer products. We partner with entrepreneurs to bring innovative, high-quality food and beverage products to the forefront of the industry and create the next generation of enduring brands. With nearly $40m under management, we are hands-on partners that work tactically with our founders to scale their businesses quickly and smartly. We connect the dots within the broader food & beverage ecosystem to provide unique access, share distinct expertise, and build solid infrastructure.

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