HBX Group to invest up to €50 million in travel tech start-ups

HBX Group to invest up to €50 million in travel tech start-ups

TravelTech Lab launches investment vehicle to foster industry innovation

HBX Group, a leader in the TravelTech B2B ecosystem, has announced the launch of an investment fund dedicated to financing startups and scale-ups developing innovative technological solutions in the travel sector.

This investment fund is built on the success of HBX Group’s TravelTech Lab, which was created in 2023 to support and collaborate with startups and scale-up businesses in the travel tech industry, fostering a community dedicated to introducing groundbreaking solutions and facilitating their application in real business scenarios.

The investment vehicle will see HBX Group further the company’s mission of contributing to technological innovation in the travel sector. 

The fund will have an initial dedication of 50 million euros in capital to invest in the next decade. 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 has successfully partnered with over 300 startups across various markets, including Spain, France, the United Kingdom, Germany, the Netherlands, Singapore, and South Korea, and collaborates with leading organisations such as New York University's School of Professional Studies. 

“The travel sector is in constant evolution, and only companies that innovate will remain competitive,” said Nicolas Huss, CEO of HBX Group. 

“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 also promote the development of a global ecosystem of startups and scaleups in the travel sector. 

“We believe that by supporting these innovative companies, we can drive the next wave of transformation in the travel industry.”

For more information, visit www.hbxgroup.com