£2m finance package awarded to holiday comparison business

Silicon Valley Bank, which specialises in supporting innovative businesses, enterprises and their investors, has provided Leeds-based holiday comparison platform and travel brand Icelolly with £2m in finance.

The facility will be used to fuel further expansion, including strategic investments in Icelolly’s sales and marketing activities.

It will enable Icellolly to significantly boost its brand awareness with consumers through various channels online and offline. Icelolly also expects to invest in its team with further hires following the creation of its first chief marketing officer role.

The partnership with Icelolly is intended to reinforce SVB UK’s commitment and growing presence in the North of England.

Icelolly CEO, Richard Singer, said: “Silicon Valley Bank has supported our growth plans and vision and we are pleased to announce this facility today to help make Icelolly the best loved brand for UK holidaymakers.”

Richard Faulkner, managing director at Silicon Valley Bank’s UK Branch, said: “We’ve enjoyed working with Icelolly and it has been great to be able to support them on this impressive journey of rapid growth and brand recognition. We look forward to a continued partnership with Richard and the rest of the Icelolly team.”