Cruise line Virgin Voyages has raised a further $550 million of fresh capital to support its growth.

The additional money has come from external and existing investors, including the Virgin Group.

Virgin Voyages said it has also received additional, continued support from its existing lenders.

In an online statement, it said: “The new funding will enable Virgin Voyages to continue the execution of its growth strategy and further strengthen its financial position as cruise demand continues to gain momentum.”

CEO Tom McAlpin added: “We have created an incredible product that both our investors and consumers truly believe in, and this additional capital comes at a time when we’re looking forward to exponential growth that will, in turn, help us achieve what we set out to accomplish.”