HBX Group has announced the launch of a specialized investment fund aimed at fostering innovation within the travel sector. This new initiative, backed by €50 million in initial capital, follows the success of HBX Group’s TravelTech Lab, which was established in 2023 to support startups and scaleups in the travel technology industry.
Under the leadership of Nicolas Huss, CEO of HBX Group, the fund aims to address industry challenges through strategic investments in promising technological solutions. Each investment decision will be carefully considered to maximize impact and support the growth of innovative ventures.
Since its inception in 2001, HBX Group has been a pioneer in the travel industry, emphasizing innovation and enhancing customer experiences. Collaborations with over 300 startups globally, coupled with partnerships with institutions such as New York University and Mastercard, have positioned HBX Group as a leader in driving technological advancements in travel.
The launch of this investment fund underscores HBX Group’s commitment to nurturing a dynamic ecosystem of innovation within the travel industry. By empowering startups and facilitating access to emerging technologies, HBX Group aims to propel the next wave of transformation and maintain a competitive edge in an evolving market.
photo source: Google
By: Montel Kamau
Serrari Financial Analyst
21st June, 2024
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