HBX Group is a leading player in the TravelTech B2B Ecosystem. Today, it announced the launch of a fund that will finance startups and scaleups who are developing innovative technological solutions for the travel industry, as well investing in corporate venture funds.
This investment fund builds on the success TravelTech Lab by HBX Group. It was created in 2023 with the goal of supporting and collaborating with startups and scaleups in the travel technology industry.
TravelTech Lab, a new investment vehicle created by HBX, will help the company to achieve its mission of technological innovation in travel. The fund will invest an initial 50 million euros over the next 10 year period. The specific investment for each startup will be determined on a case by case basis to ensure that the most promising technology receives the support it needs to thrive. This strategic initiative highlights HBX Group’s commitment to innovation. Innovation has been at its core since the company was founded in 2001.
TravelTech Lab, a division of New York University, has partnered with more than 300 startups in various markets including Spain, France and the United Kingdom. It also collaborates with organizations such as the Mastercard Tourism Innovation hub and the Jonathan M. Tisch Center of Hospitality at New York University. This collaborative effort has resulted in significant advancements for the travel industry, benefiting both travellers and the industry.
Travel is a constantly evolving industry, and only those companies who innovate will remain competitive. HBX Group’s goal is to solve unresolved problems through innovation and enhance the customer experience. TravelTech Lab was created in 2023 as a significant step towards this goal. Our investment fund will facilitate our access to the future technologies, but also promote a global ecosystem for startups and scaleups within the travel sector. We believe that supporting these innovative companies will help drive the next wave in the travel industry.
Nicolas Huss, CEO of HBX Group
Since its founding in 2000, HBX Group is a pioneer of the travel industry. It is dedicated to innovation and enhancing customer experience. HBX Group continues to be a leader in the travel industry through initiatives such as TravelTech Lab and its new investment fund.
About HBX Group
HBX Group, a leading B2B ecosystem in the TravelTech sector, connects and empowers businesses in an ever-changing world of travel. We help our clients and partners grow by removing friction in the travel process. Our cloud-based platforms provide fast and reliable access a unique range of travel products and services, while rich intelligence and data seamlessly connects supply and demand around the world. Over 3,000 experts are available worldwide, including those on the ground, who can provide insight and support in order to boost trading, especially for the hardest-to-reach segments. This unique combination of technology, data, and passionate people is a catalyst for businesses looking to unlock their full potential within the travel industry. Learn more about HBX at www.hbxgroup.com