Thursday, June 20, 2024 HBX Group, a prominent player in the TravelTech B2B ecosystem, has announced the launch of an investment fund dedicated to supporting startups and scaleups that are innovating in the travel sector. This initiative builds upon the success of TravelTech Lab, established in 2023 to nurture and collaborate with businesses in the travel tech industry, fostering a community focused on pioneering solutions for real-world applications. With an initial commitment of 50 million euros over the next decade, the fund will finance promising technological innovations and invest in corporate venture capital funds within the travel sector.
Each investment decision will be tailored to the needs and potential of selected startups, ensuring robust support for groundbreaking technologies. This strategic initiative underscores HBX Group’s longstanding commitment to innovation, integral to its mission since its inception in 2001. To date, TravelTech Lab has partnered successfully with over 300 startups across global markets, including Spain, France, the United Kingdom, Germany, the Netherlands, Singapore, and South Korea.
Collaborations with institutions such as New York University’s School of Professional Studies Jonathan M. Tisch Center of Hospitality and the Mastercard Tourism Innovation Hub have driven significant advancements in travel technology, benefiting industry stakeholders and travelers worldwide. “The travel sector is in constant evolution, and only compan.
