VFM Leonardo is the world’s largest provider and distributor of online visual content for the hotel and travel industry. VFM Leonardo’s content library includes more than one million digital photographs, videos and 360° virtual tours for over 80,000 hotels and resorts worldwide. VFM Leonardo distributes this content to its online media network of 30,000 plus travel-related channels including online travel agencies, travel research and supplier web sites, search portals and major travel intermediaries. VFM Leonardo’s online media network includes all four Global Distribution Systems, Pegasus as well as major travel-related websites and search portals such as Travelocity, Orbitz, Priceline, Tripadvisor, Yahoo! Travel, Kayak, and Google.

Our initial investment in VFM Leonardo was made in May 2004 with subsequent investments in April 2008 and November 2008.