Maven Capital Partners has led a £650,000 investment in Manchester-headquartered passenger transfers booking platform Ski-Lifts Limited.
A total of £500,000 has been invested by NPIF – Maven Equity Finance, part of the Northern Powerhouse Investment Fund and a £150,000 was provided by the Greater Manchester Loan Fund (‘’GMLF’’), also managed by Maven.
The funding will support Ski-Lift’s growth strategy as it expands into new areas, including golf and cruise and ground transport markets. It will also support the development of Ski-Lifts’ technology platform, which will facilitate full integration with suppliers, clients and travel partners, as well as offering foreign language translations.
Ski-Lifts is a high-growth online booking system for passengers wishing to pre-book transfers between airports, stations, ports and final travel destinations. The business now offers transfers to over 200 resorts in 14 countries from over 30 airports around Europe and North America, transferring over 70,000 passengers per season. Ski-Lifts also supports a number of blue-chip travel customers including Sunweb, TUI and GolfBreaks.
The airport transfer market is estimated to be worth £17.1bn by 2023, driven by the continued expansion of business and leisure travel globally.
Richard Smith, Managing Director of Ski-Lifts, said “This is a very exciting moment for Ski-Lifts and the investment from Maven opens up a wealth of new opportunities that were previously just beyond our reach. The growth capital will allow us to invest in new talent joining our team, make some significant improvements to our tech platform, develop new markets and obviously continue to refine our service to the benefit of our existing customers and suppliers.
The Northern Powerhouse Investment Fund project is supported financially by the European Union using funding from the European Regional Development Fund (ERDF) as part of the European Structural and Investment Funds Growth Programme 2014-2020 and the European Investment Bank.