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$8.5 Million in Expansion Capital for Timeshare
Resale Company Sell My Timeshare NOW |
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Sell My Timeshare NOW and its family of websites provides advertising tools and marketing services to assist owners with timeshare resale and rental options. In addition to its by-owner advertising platform, the company also offers success-based services through its brokerage arm, Timeshare Broker Services. The company has experienced dramatic growth so far in 2008 with more than 23 million visitors and over $1 million in daily offers to buy or rent timeshare, landing it as one of the fastest growing privately-held companies according to Inc.com. Despite the economic downturn, Sell My Timeshare NOW has experienced a 90 percent increase in the number of offers to rent or buy timeshare advertised through its website and a 74 percent increase in the dollar amount of those offers over 2007.
Jason Tremblay and co-founders Mark Eldridge and Cindy Gonzalez started Sell My Timeshare NOW in 2003 as a home-based business with three employees. Through cutting-edge internet search technologies and excellent customer service, the company has grown to over 150 employees with offices in Dover, NH, and Orlando and Tampa, FL.
Jason Tremblay, the company’s CEO and founder, explains, “Sell My Timeshare NOW is well on its way to become the de-facto destination for the vacation ownership secondary market. With Edison as our investment partner, we can expand our innovative, business-to-business solutions in ways that will provide proactive, developer-friendly solutions.”
Michael Kopelman, Principal at Edison Venture Fund, noted, “The company’s search engine leadership drives massive exposure to sellers. Buyers now have the ability to purchase timeshare intervals online at attractive discounts to retail prices.”
Tremblay elaborates, “Sell My Timeshare NOW is already the global leader in online timeshare advertising and the number one resale solution for consumers today. Edison’s due diligence recognized the utility of our platforms. Edison’s investment enables Sell My Timeshare NOW to further expand, offering resale and rental solutions for both timeshare developers and owners.
“We understand that the secondary market has been highly inefficient in the past. Our goal is to provide real solutions that create tangible results for timeshare owners and developers,” said Tremblay.
About Sell My Timeshare NOW
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