Iglu.com claims to have 10% of the UK’s ski travel market but despite its name it also specialises in tropical and villa holidays. The company, which operates purely online, was founded in 1998 by Richard Downs as he finished his MBA at London Business School. He has raised £6m from investors that include Sussex Place, Geocapital and Barclays Ventures. The company says it has bagged several ‘firsts’, including live snow reports and virtual tours of chalets. Sales, typically to young people in southeast England, have grown 120% a year from £1.6m in 2000 to £16.4m in 2003.
This profile reflects the company at time of publication and does not reflect any changes that may have subsequently occurred. Fast Track and its sponsors do not endorse, guarantee or recommend investment in any of the companies.