HBX Group (Hotelbeds, Bedsonline, Roiback, TravelStack) has just announced the creation of an investment fund dedicated to financing travel technology startups and scale-ups. 50 million euros will be invested in the next 10 years.
Last November, the BtoB hotel distribution platform Hotelbeds created the HBX group which brings together 4 brands: Hotelbeds, Bedsonline, Roiback and TravelStack. His ambition? Become a key technological player in the hospitality sector. To do this, the group has doubled the budget dedicated to technology.
To promote the development of technologies in the sector, HBX Group has just created an investment fund for travel technology startups and scale-ups. This fund is based on the success of its TravelTech Lab, an accelerator created in 2023 with Wayra, the open innovation center of the telecommunications company Telefonica. To date, the TravelTech Lab has enabled the group to establish partnerships with more than 300 startups in various markets, including Spain, France, the United Kingdom, Germany, the Netherlands, Singapore and South Korea.
50 million investment
The fund will have an initial capital of 50 million euros to invest over the next 10 years. The group specifies that the specific investment in each selected startup will be defined on a case-by-case basis, ensuring that the most promising technologies receive the necessary support to thrive. The startups receiving funding will be identified through the TravelTech Lab.
“Our investment fund will not only facilitate our access to future technologies, but also promote the development of a global ecosystem of startups and scale-ups in the travel sector,” says Nicolas Huss, CEO of HBX Group.
Opening photo: Shannon Rowies
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