Awayday Secures Major Investment Boost from Ares Management and LightBay Capital
Deal News | May 07, 2025 | Ares Private Equity Group
Awayday, an emerging travel platform, has announced a strategic investment round led by Ares Management, in collaboration with LightBay Capital. The deal is set to inject a significant amount of capital into Awayday, providing the technological and operational resources necessary for a planned expansion phase. Financial backing by Ares Management and LightBay signifies a strong vote of confidence in Awayday's vision and capability to innovate within the travel sector. Besides the financial injection, both Ares Management and LightBay will play a strategic advisory role, enhancing leadership and company positioning in competitive markets. This investment exemplifies a growing interest in travel industry disruptors that utilize technology to enhance customer experiences, ensuring that Awayday is well-positioned to leverage new opportunities in an evolving marketplace.
Sectors
- Travel Technology
- Private Equity
Geography
- United States – The geographical focus is the United States as Ares Management and LightBay Capital, prominent investment firms, operate primarily out of the U.S., and Awayday is likely U.S.-based or targeting the U.S. market for expansion.
Industry
- Travel Technology – The investment is directed towards a company operating in the Travel Technology sector, aiming to enhance customer experience through innovative solutions.
- Private Equity – This sector is involved as Ares Management and LightBay Capital are both private equity firms investing in Awayday.
Financials
- Not specified – The specific financial details of the investment, including the amount, have not been disclosed.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Awayday | Target Company | Company | An innovative company in the travel technology space receiving strategic investment. |
| Ares Management | Investor | Company | A global alternative asset manager providing the strategic investment to Awayday. |
| LightBay Capital | Co-Investor | Company | A private equity firm joining Ares Management in the strategic investment in Awayday. |