LONDON, March 17 /PRNewswire/ --     isango! (http://www.isango.com), a leading provider of travel experiences 
on the internet has received US$8m in investment to fund its next stage of 
growth. The funding round, which is the first institutional round for the 
company, was led by SPARK Ventures, which is known for previous investment 
success with LastMinute.com, PriceRunner and other internet-based businesses. 
SPARK Ventures contributed US$4m; Beringea, manager of the top performing 
ProVen VCTs, contributed US$2.5m and the remaining US$1.5 million came from 
existing shareholders.

In less than a year and a half since its launch in 2006,
isango! has gained a market-leading reputation thanks to its usability,
broad-ranging product categories, global coverage and inspirational
presentation. It is building the largest repository of travel experiences and
currently offers around 4,000 activities in nearly 60 countries. It works
alongside travel companies, airlines, car rental firms, hotel groups and
other portals that include Hertz, Yahoo, Teletext and WAYN.

isango's exclusive focus is on the consumer motivation behind
travel, the destination experience or 'purpose' of the journey. Its aim is to
provide both consumers and travel professionals with the most authoritative
online resource for planning and booking unique travel experiences and
activities.

The capital raised through this funding will be used to
support the company through the next stage of its development and revenue
ramp-up, including aggregating activity inventories, rolling-out its
innovative booking platform with major distribution partners, and developing
additional products and services.

Ranjan Singh, Co-Founder and CEO, isango!, commented:

"This is an important milestone in the development of the business and to
have attracted two highly respected and experienced investors is a clear
endorsement of the progress we have made over the last eighteen months. The
market for travel experiences, tours and activities is the 'last frontier' of
online travel which remains unaggregated. isango! is in pole position in this
huge and exciting market. We have seen a very strong revenue growth since our
launch and this latest round of funding gives us a platform from which to
take the business to the next level."

Jay Patel, Executive Director, SPARK, added:

"Travel has been one of the sectors most successfully
transformed by the advent of the internet, with online ticket sales and hotel
bookings now at around $650 billion annually. This combined with the growing
demand from customers for holidays which incorporate experiences and
activities, has created a clear market opportunity for isango! We are backing
an experienced and ambitious management team who we believe has the
capability and drive to build a market leading business and to benefit from
the explosive growth in this market."

Trevor Hope, Investment Director, Beringea, concluded:

"Since isango! was founded in 2006, it has made excellent
progress and is already a market leader in the online travel sector. This new
funding will allow management to consolidate its strong market position and
we believe the company has a very bright future ahead."