A venture capital firm and a bank hope they put some smart money into Smart Destinations.
Smart Destinations, which provides prepaid attaction passes in 14 North American destinations, says it picked up $3 million in debt financing in a round led by MMV Financial, a venture capital firm based in Toronto.
Square 1 Bank, an existing backer, provided $1 million of the debt financing, Smart Destinations says.
Smart Destinations co-founder and CEO Kevin McLaughlin, who calls in-destination trip-planning “almost virgin territory,” says the funding will help the company in its expansion efforts.
Smart Destinations had $10 million in previous funding, according to CrunchBase.