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Sell My Timeshare NOW announces new business expansion made possible through $1.6 million in follow-on investment funding from growth partner Edison Venture Fund. Based on extensive due diligence Edison led the financing, which included commitment by existing investment partners of Sell My Timeshare NOW. Proceeds of the funding will be directed to the company’s sales expansion, marketing, customer support services, and product development.
Founded in 2003, Sell My Timeshare NOW has grown to become the leading online secondary marketplace for timeshares on a resale basis. Each month, averaging more than 2 million page views, the Sell My Timeshare NOW websites deliver 86,000 offers valued at $88 million for timeshare rentals and 61,000 offers valued at $338 million for timeshare resales to timeshare owners and developers.
Expanding to better serve not only consumers, but the timeshare industry itself, Sell My Timeshare NOW has launched Vacation Property Solutions, providing industry specific solutions developed to support the timeshare resale needs of developers and HOA’s. Michael Kopelman, Principal of the Edison Venture Fund, says, “The company is currently in negotiations with many of the timeshare industry’s most prominent brands…Jason’s domain expertise, vision, and leadership will help the company to scale to the next level.”
CEO Jason Tremblay adds, “Edison’s strategic counsel and experience in accelerating the growth of their portfolio companies has played a key role in the success of Sell My Timeshare NOW. We look forward to serving the timeshare industry and the consumer marketplace as the de facto online destination for vacation ownership products.”
Theodore is the Co-Founder and Managing Editor of TravelDailyNews Media Network; his responsibilities include business development and planning for TravelDailyNews long-term opportunities.
