Mayfair and BizAway partner and expand their travel market | Investment of 35 million

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Mayfair Equity Partners (“Mayfair”), a dedicated consumer and technology investor with over £2 billion in assets under management, is pleased to announce its €35m investment in BizAway (“the Company”), the award-winning tech-enabled B2B travel management company.

Founded by Luca Carlucci and Flavio Del Bianco, BizAway combines a proprietary and intuitive travel management software platform with 24/7 multilingual in-house customer service. The Company also provides a white-label software platform for enterprise customers, and in April 2023 acquired the business travel division of Next Generation Travel.

Since 2015, BizAway has transformed from a two-person startup to a multi-national business serving more than 1,600 customers. BizAway’s innovative digital platform and commitment to customer service has enabled them to achieve 100% annual revenue growth over the last three years. In 2022, BizAway became the first business travel management company to achieve B Corp certification, recognising its commitment to meet high standards of social and environmental performance and accountability.

Mayfair will partner with BizAway’s founders and their team to accelerate growth across existing and new markets. Mayfair’s investment will also enable the BizAway team to design and implement new AI and data strategies and develop additional products and services that will help solve the challenges experienced by corporate travellers. The Company will also explore potential M&A opportunities.

“Corporate travel can be a deeply frustrating experience. Legacy systems, processes and behaviours all contribute to the frustration of travellers and the companies they work for. Our proprietary software platform was created with our customers in mind, allowing them to quickly plan and book trips while significantly controlling and reducing costs,” said Luca Carlucci. “Our success is a result of our teams’ dedication, drive and capability in bringing the best B2B travel management software to market, and I’m humbled by our incredible growth over the past decade. We still have ambitious plans and are excited to partner with Mayfair, a team with an impressive track record of rapidly scaling businesses, to transform the corporate travel experience.”

About BizAway

BizAway was founded in 2015 by Luca Carlucci and Flavio Del Bianco, two entrepreneurs who spotted a major gap in the global market: a comprehensive service offering agile and flexible solutions for business travel.

Comprising an intuitive proprietary software platform and 24/7 access to in-house multilingual customer service, the B Corp accredited business reflects the founders’ passion for travel and technology and their commitment to delivering real value for their customers.

About Mayfair Equity Partners

Mayfair Equity Partners is a dedicated technology and consumer investor, with assets under management of over £2 billion. Mayfair’s investment philosophy centres on backing people and their ideas, working with founders and management teams to help them realise their ambitions. Mayfair’s model of Active Partnership includes a senior team of dedicated functional Specialists who support portfolio companies with business process improvement initiatives that help unlock their full potential.

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