News

eDreams secures £9.7 million funding

Report by
John Lavabre

INTERNET
travel company eDreams has secured £9.7 million worth of funding from venture
capitalists 3i Group.

eDreams
will use the money to enter the French market. It may develop alliances and
acquisitions to strengthen its position.

3i joins a
number of other venture capitalists who have provided a total of £24.3 million
in funding since eDreams was launched in early 1999.

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