HBX Group, a player in the TravelTech B2B ecosystem, has launched an investment fund dedicated to financing start-ups and scale-ups that are developing innovative technological solutions in the travel sector. The company will also invest in corporate venture capital funds in the travel sector.
This investment fund is built on the success of TravelTech Lab, created in 2023, to support and collaborate with start-ups and scale-up businesses in travel tech.
The creation of the investment vehicle, TravelTech Lab by HBX Group, will further the company´s mission of contributing to technological innovation in the travel sector.
The fund will see an initial €50 million (R974,2 million) in capital to invest in the next ten years.
The specific investment in each selected start-up will be defined on a case-by-case basis, ensuring that the most promising technologies receive the support they need to thrive.
To date, TravelTech Lab has successfully partnered with over 300 start-ups across various markets, including Spain, France, the UK, Germany, the Netherlands, Singapore, and South Korea.
"The travel sector is in constant evolution, and only companies that innovate will remain competitive," said Nicolas Huss, CEO of HBX Group.
