Tuesday, July 27th, 2010 - Future Capital
27th July 2010, Sydney: Future Capital Development Fund (FC), one of Australia’s leading Internet Investment groups, today announced it has invested into online hotel booking website CheapHotels.com.au.

CheapHotels.com.au is a fast growing online hotel reservations agency in the Australian marketplace. Its network reaches more than 100,000 hotels worldwide with savings of up to 75% percent off regular room rates. It offers an extensive range of accommodation to suit any budget from bed and breakfasts to 5-star hotels.

“We are pleased to be working with Braden Yuill and his team on the expansion of the business. This business is one of the most scalable business models I have seen and our capital will be used to fund further growth of the business,” stated Future Capital Chairman Domenic Carosa.

"We are very pleased and excited to welcome Future Capital as shareholders and we look forward to benefiting from their vast knowledge and experience in the online sector as we continue executing on our growth plans in Australia,” stated CheapHotels.com.au CEO Braden Yuill.

-Ends-

For further information, contact Domenic Carosa:
Ph: 0411 19 69 79
Email: [email protected]

About CheapHotels.com.au: CheapHotels.com.au is dedicated to bringing its customers reduced rates on hotels around the world, whether clients are planning holidays months in advance, or last minute travel. Its network reaches more than 100,000 hotels worldwide with savings of up to 75% percent off regular room rates.

Contact Profile

Future Capital


Future Capital invests in fast growing Internet, mobile and technology companies, known as Upstarts, which have customers and transactional revenue.  Future Capital invests anything from a few hundred thousand dollars to a million, usually taking a significant minority stake. As well as providing capital, practical assistance is provided to assist the company’s rapid expansion. Future Capital will not invest unless it can be actively involved in providing strategic input, relationships and practical operational support.

Future Capital now offers incubator services for start-ups in our Melbourne and Sydney offices. BlueChilli Technology joins DriveMyCarRentals.com.au, Imorial.com, Eventarc.com,CheapHotels.com.au, OurWishingWell.com, SMS Central, MyGuestList.com and PaintMyPicture.com, FarmTender.com, GetInform.com & RentABin.com.au.



About BlueChilli Technology

BlueChilli is a "venture technology" company that builds and invests in digital start-ups by providing technology and mentorship. BlueChilli is currently launching a new online business every 2 months and has projections to increase this to 1 new start-up every month in 2012. BlueChilli operates a unique model combining a fee and equity for service model for clients, specialising in online-based start-ups providing the smarts required to build and commercialise online opportunities.


Domenic Carosa - Chairman of Future Capital
P: 0411 19 69 79
W: www.futurecapital.com.au

Keywords

venture capital, angel funds, Cheap Hotels, Domenic Carosa, investment

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