Cavendish has advised travel scale-up Much Better Adventures (MBA), on a £5mn fundraise.

MBA, an online travel company specialising in active outdoor adventure holidays, has secured its £5mn investment from Gresham House Ventures, a growth equity investor specialising in software and digitally driven businesses in the consumer, healthcare and service sectors.

This marks the fourth transaction in the travel space this year for Cavendish, showcasing its strong credentials in the sector.

MBA was established by co-founders Alex Narracott, Guy Bowden and Sam Bruce to capitalise on the rising demand for socially responsible adventure travel, especially solo travellers looking for an experience different from “fly and flop”. Partnering with handpicked local operators, MBA’s platform provides exclusive, solo-friendly and expert-led trips worldwide.

In a highly fragmented, competitive and fast-growing sector, MBA has delivered strong organic growth and built a loyal global following. Revenues have grown 11x since 2019 and tripled in the past two years alone, underlining the growing demand for the company’s curated, high-quality experiences. MBA has welcomed adventurers from over 100 countries, reflecting its universal appeal.

MBA is the third travel company to join Gresham House Venture’s portfolio, which already includes tailor-made holiday expert TravelLocal and staycation holiday provider Caledonian Leisure. The investment will enable MBA to enhance its go-to-market strategy, increase platform automation, expand its offering across new destinations and activities, and increase its international presence to take advantage of the worldwide market opportunity.

Zuleika Salter, Head of Private Growth Capital and Partner at Cavendish said: “It’s been a privilege to work with Alex and the Much Better Adventures team. They’ve created a strong community united by a passion for sustainable, unforgettable travel. We’re excited to see where this talented, mission-driven team can take the business.”