HBX Group, one of the key players in the B2B ecosystem of the TravelTech sector, today announced the launch of an investment fund dedicated to financing startups and scaleups that develop innovative technological solutions in the travel sector, as well as investing in investment funds. corporate venture capital in the travel sector.
This investment fund builds on the success of TravelTech Lab by HBX Group, created in 2023 to support and collaborate with startups and scaleups in the travel technology industry, thus promoting a community focused on introducing innovative solutions and facilitating their application. in real business scenarios.
With the creation of this investment vehicle, TravelTech Lab by HBX Group will advance the company's mission of contributing to technological innovation in the travel sector. The fund will have an initial endowment of 50 million euros in capital to invest over the next 10 years. The specific investment in each selected startup will be defined on a case-by-case basis, ensuring that the most promising technologies receive the support they need to thrive. This strategic initiative underscores HBX Group's commitment to innovation, which has been at the heart of the company since its creation in 2001.
To date, TravelTech Lab by HBX Group has successfully partnered with more than 300 startups from various markets, including Spain, France, United Kingdom, Germany, Netherlands, Singapore and South Korea. It also collaborates with leading organizations such as New York University's School of Professional Studies Jonathan M. Tisch Center of Hospitality and Mastercard's Tourism Innovation Hub. This collaborative effort has led to significant advances in the travel sector, benefiting both the industry and travelers.
"The travel industry is constantly evolving, and only companies that innovate will remain competitive," said Nicolas Huss, CEO of HBX Group. "Our goal at HBX Group is to find solutions to unsolved challenges through innovation, thereby improving the customer experience. The creation of TravelTech Lab in 2023 was a significant step in this direction. Our investment fund will not only facilitate our access to future technologies, but will also promote the development of a global ecosystem of startups and scaleups in the travel sector," added Nicolas Huss. “We believe that by supporting these innovative companies, we can drive the next wave of transformation in the travel industry.”
Since its founding in 2001, the group has been a pioneer in the travel sector, with a special dedication to innovation and improving the customer experience. Through initiatives such as TravelTech Lab by HBX Group, and now its new investment fund, HBX Group continues to lead the way in solving the travel industry's most pressing challenges.