Maven Capital Partners has committed up to £2m to Chic Lifestyle, a technology company which operates the Chic Retreats online boutique hotel marketplace.

Chic Retreats allows hotels and villas to manage and process bookings in real-time, while aiming to maintain an exclusive feel through its invite-only strategy.

The site also targets the increasing number of customers looking for an “authentic” experience, focusing on the content of the local destination.

The investment will enable Chic Lifestyle to complete the development of its core technology platform, enhance its web and mobile offering and expand into new geographies.

This is the third venture capital trust (VCT) investment from Maven in the past six months, following those in The GP Service and Rockar.

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