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Short Take: Latin American travel site gets $10.5 million boost

Despegar.com, a Latin American travel site, has received $10.5 million from a group of investors. The company said it plans to use the funding to build its services and brand and for expansion efforts. Investors in the start-up include Hicks Muse Tate & Furst, Merrill Lynch, Newbridge Andean Partners and hotel giant Accor Group.

Despegar.com, a Latin American travel site, has received $10.5 million from a group of investors. The company said it plans to use the funding to build its services and brand and for expansion efforts. Investors in the start-up include Hicks Muse Tate & Furst, Merrill Lynch, Newbridge Andean Partners and hotel giant Accor Group.