The Vitruvian Partners fund increases its investment in Civitatis

The investment fund Vitruvian Partners increased its stake in Civitatis, supporting the global platform for excursions, guided tours and activities and consolidating its position as the category leader in Spain and Latin America, with special focus on Argentina, Mexico and Brazil. The aforementioned fund will provide an additional $50 million to continue supporting the platform.

Civitatis is an example of a company that has been profitable since its founding, being built by its creator without any type of external capital. The company, in turn, remains on track to be a future Spanish unicorn, as a marketplace for tours and activities, backed by rapid digitalization and technological innovation.

“Our growth and profitability have been driven by a combination of highly effective sales channels, a powerful technology platform and a customer-centric approach, offering customers tours and activities in the language of their choice. Our clients appreciate our expertly curated catalog of activities around the world, as well as the easy booking process and, of course, the unbeatable experience they have with us. With the support of Vitruvian, we will continue to expand our offering and meet the demands of our customer base that continues to grow very quickly,” said Alberto Gutiérrez, CEO and founder of the company.

According to Sophie Bower-Straziota, partner at Vitruvian Partners, “under the strong leadership of Alberto Gutiérrez, Civitatis has grown at exceptional speed, 50% each year, maintaining continued strong profitability. Its target market is enormous, as is its potential, with nearly 750 million Spanish and Portuguese speakers around the world. (…)».

In the coming years, Civitatis will continue to consolidate its position as a leading company in the sale of tours and activities in Spain and Latin America, with special focus on Argentina, Mexico and Brazil, where it has already held the first position in sales for years. The investment is the result of the sale of secondary stakes, since the company does not need primary capital, having been profitable since its inception.