HBX Group, a player in the TravelTech B2B ecosystem, has launched an investment fund dedicated to financing start-ups and scale-ups that are developing innovative technological solutions in the travel sector. The company will also invest in corporate venture capital funds in the travel sector.
This investment fund is built on the success of TravelTech Lab, created in 2023, to support and collaborate with start-ups and scale-up businesses in travel tech.
The creation of the investment vehicle, TravelTech Lab by HBX Group, will further the companys mission of contributing to technological innovation in the travel sector.
The fund will see an initial 50 million (R974,2 million) in capital to invest in the next ten years.
The specific investment in each selected start-up will be defined on a case-by-case basis, ensuring that the most promising technologies receive the support they need to thrive.
