The Travel Tech Fund Intends to Invest €50 Million in European Startups

The second venture capital fund from TravelTech.vc has been established with the goal of funding the future European leaders in travel technology.

Travel industry veterans Alex Gisbert, Javier González-Soria y Moreno de la Santa, Toni Raurich-Marcet, Leonardo Saroni, and Jorge Schoenenberger are the team behind the Travel Tech 2 (TT2) investment platform. They have all worked for well-known online travel companies like Booking.com, Expedia, Google, and Meta.

They think that investing in travel technology businesses situated in Europe would be wise throughout the next 12 to 18 months. Growth stage enterprises are given priority by the company.

The fund’s aim of €50 million has been reached by TravelTech.vc, which intends to invest in ten businesses with average recurring revenue of at least €1 million.

“The focus of the fund is to put the expertise and network of its five general partners to support and drive entrepreneurs and their businesses who have the potential and solid fundamentals in their competitive strategy, in their technology, in their talent and in their culture,” said the team.

Amadeus, Barcelo Hoteles, BCD Travel, and HBX Group, previously Hotelbeds, are just a few of the more than 80 investors and travel and technology businesses who make up the advisory board that TT2 will also benefit from. In addition to becoming potential investors, the board will offer advice to businesses and investors.

Focused on Three Aspects is TT2:

Client-focused technology refers to companies that facilitate connected travel, empower a single client view, and enhance the customer experience.

Immature technologies are companies that are concentrating on the new issues and needs of the contemporary customer, like omnimobility, using data to manage risk and price, and creating engaging travel experiences.

Efficiency gains: As the volume and demand for travel continue to expand quickly, B2B solutions are needed to enable modern travel. Scaling vacation rental companies, effectively handling frequent disruptions in travel, addressing outdated technology, and streamlining operational delivery in the hotel and travel industries are a few examples.

The current fund’s predecessor, TT1, made seed round investments in businesses like Operto and Troop Travel.

Not just TravelTech.vc, an investment firm, has highlighted Europe. Since launching its more than €100 million fund in 2022, Roch Ventures has announced investments in Raus, Apartool, and WeSki.