# Modern Adventure

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/modern-adventure

- Industry: Travel & Leisure
- Headquarters: Portland, US
- Website: www.modernadventure.com
- Total disclosed funding: $5.8M
- Latest round: Series A (Aug 29, 2023)
- Investors on record: 1

## About

Modern Adventure, LLC is a US-based company that curates specialized travel experiences, focusing on small-group trips and personalized journeys across various global destinations.Founded in 2017 and headquartered in Portland, US, Modern Adventure, LLC offers unique travel experiences catering to affluent travelers. The company recently completed its Series A funding round, raising USD 4.8 mn from Seal Rock Partners on August 29, 2023. The current CEO, Luis Vargas, co-founded the company alongside Joanne Vargas and Scott McNeely, who have a history of entrepreneurship in the travel sector.Modern Adventure specializes in curated travel experiences, focusing on small-group trips, private retreats, and custom journeys across diverse geographical markets, including Asia-Pacific, Europe, and the Americas. The company offers a range of immersive travel itineraries that incorporate local food, culture, and artistry, allowing travelers to deeply engage with each destination. Key offerings include culinary adventures led by notable chefs, such as Andrew Zimmern and Phillip Frankland Lee, with trips to locations like Vietnam, Kyoto, Oaxaca, and New Zealand. These experiences target affluent travelers seeking meaningful exploration and cultural enrichment, appealing to both individual consumers and travel advisors facilitating bookings.Modern Adventure generates revenue primarily through direct-to-consumer sales of its curated travel experiences. Clients typically pay a fixed price for each trip, with costs varying based on the destination and specific itinerary. For instance, pricing for a culinary tour can range from USD 5,900 to USD 15,500, depending on the length and exclusivity of the experience. Transactions are conducted on a per-trip basis, with participants booking their spots directly through the company’s platform, reflecting a premium pricing model based on high-touch service and customization.In August 2023, Modern Adventure, LLC raised USD 4.8 mn in Series A funding from returning investor Seal Rock Partners, among others. The company plans to utilize this funding to expand its travel offerings and hire additional employees. Future initiatives include the design and launch of new travel products and expanding into new markets, specifically targeting regions in the Asia-Pacific and Europe by the end of 2024.

## Funding rounds

- Series A, Aug 29, 2023, $4.8M — Seal Rock Partners
- Seed, Oct 23, 2017, $1M — Seal Rock Partners

## Investors

- Seal Rock Partners (https://capitalatlas.ai/funds/seal-rock-partners) — Seed, Series A