TLDR:
- HBX Group launches an investment fund dedicated to financing startups and scaleups in the travel sector.
- The fund will have an initial dedication of 50 million euros in capital to invest in the next 10 years.
HBX Group, a leading player in the TravelTech B2B ecosystem, has launched an investment fund to foster innovation in the travel industry. The fund aims to finance startups and scaleups developing innovative technological solutions in the travel sector, as well as invest in corporate venture capital funds in the industry. With an initial capital allocation of 50 million euros, the fund will support promising technologies on a case-by-case basis. This strategic initiative underscores HBX Group’s commitment to innovation and its focus on technological advancement in the travel sector.
Since the inception of TravelTech Lab by HBX Group in 2023, the company has partnered with over 300 startups across various markets and collaborated with leading organizations like the New York University’s School of Professional Studies Jonathan M. Tisch Center of Hospitality and the Mastercard Tourism Innovation Hub. Through these collaborations, significant advancements have been made in the travel sector, benefiting both industry stakeholders and travelers.
HBX Group’s CEO, Nicolas Huss, highlights the company’s goal to drive innovation and enhance customer experience in the travel industry. The creation of the investment fund not only facilitates access to future technologies but also promotes the development of a global ecosystem of startups and scaleups in the sector. HBX Group, a pioneer in the travel industry since 2001, continues to lead the way in solving challenges and driving transformation in the travel sector through initiatives like TravelTech Lab and the new investment fund.
