News
Killarney man’s company primed for international growth
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ITS mission is to make it easy to book every campsite globally and now Campsited.com is about to scale new heights internationally. Campsited.com was founded by Killarney native Finán O’Donoghue, who said: “2017 has been great year for us. Google and the Business Post voted us one of the top early stage companies in the country. We’re on track to grow bookings by 700%. And a partnership providing access to 4,000 new campsites, enables massive growth into the future.”
The size of the opportunity for Campsited is huge. People will spend one billion nights on campsites annually by 2020. Three hundred million of these nights will be booked through websites like Campsited. With no household name today in campsite bookings, like Airbnb and booking.com for their respective markets, Campsited can become just that.
“Working with the right investment partners is key to this,” said Finán.
“We also want anyone who is keen on the idea to be part of our success. This is possible through the Revenue’s Employment Investment and Incentive (EII) scheme.”
EII is a tax relief incentive scheme. It allows people obtain income tax relief on an investment in qualifying companies, like Campsited, up to a maximum of €150,000 per annum. So, depending on what tax bracket you are in, you could get up to 40% of your investment back from the Revenue. While also getting shares in Campsited to the value of 100% of your investment. Not a bad deal.
“We’re getting close to our funding target and expect the last few investment slots to fill up fast,” said O’Donoghue.
If you would like to know more, check out the company’s fundraising page at www.investment.campsited.com, where you can register your interest.
Alternatively, you can contact Finán directly on 064-664 6029.
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