Venture capitalist TRAVELTECH.VC, which has a presence in Amsterdam, Barcelona, Madrid, Milan, and Palma, has announced its TravelTech 2 (TT2) fund. This is the VC’s second fund and is born as an investment platform for those whose ambition is to “identify and accompany highflyers who will be the next leaders in Europe of Travel tech in 2032“. travel technology fund Europe

TravelTech.VC has announced its TravelTech 2 (TT2) fund, a €50 million European investment fund focused on identifying and supporting high-growth travel technology companies. The fund’s target is to invest in 10–12 companies across a range of travel verticals, including accommodation, transportation, experiences, and marketplaces.

TT2 is backed by a strong group of investors, including leading travel companies, family offices, and institutional investors.

The leadership team of TT2 includes Alex Gisbert (ex-Expedia), Javier González-Soria Moreno de la Santa (ex-Google and Meta), Toni Raurich-Marcet (ex-Booking.com), Leonardo Saroni (ex-Booking.com), and Jorge Schoenenberger (ex-Deloitte), who all have experience as entrepreneurs, investors, and venture capital managers.

Their combined industry experience equates to over 120 years.

TT2 will also rely on an advisory board made up of more than 80 of the largest travel and technology companies and entities in the world, as well as a network of international investors and institutional investors, including Axis-FondICO Global and the Travel Tech 1 Venture Capital Company, which since 2017 has successfully invested in TravelTech startups in the seed phase, such as Troop Travel and Operto.

TT2 is committed to supporting its portfolio companies through their growth journeys. The fund has a strong network of industry contacts and can provide access to experts, mentors, and other resources. TT2 is also actively involved in helping its portfolio companies raise follow-on funding.

The launch of TT2 comes at a time of significant growth and innovation in the travel technology sector. The industry is undergoing a rapid transformation as new technologies emerge and consumer expectations evolve. TT2 is well-positioned to invest in the companies that are shaping the future of travel.

Here are some of the key benefits of investing in TT2: travel technology fund Europe

• Access to a strong network of investors and industry contacts: TT2 is backed by a group of experienced investors who have a deep understanding of the travel industry. The fund also has a strong network of contacts in the industry, which can provide portfolio companies with access to potential customers, partners, and investors.
• Expertise and support: TT2’s general partners have extensive experience in the travel industry and can provide portfolio companies with valuable guidance and support. The fund also has a team of experienced professionals who can assist portfolio companies with a variety of tasks, such as fundraising, marketing, and product development.
• Access to capital: TT2 is a €50 million fund, which provides portfolio companies with the funding they need to grow their businesses. The fund is also committed to providing follow-on funding to its portfolio companies as they need it.

The year 2024, and in particular the next 12–15 months, is said to “point to an exceptional period to invest in travel”, according to the venture capitalist.

“The focus of the fund is to use the expertise and network of its 5 managing partners to support and drive entrepreneurs and their businesses who have the potential and solid fundamentals in their competitive strategy, in their technology, in their talent, and in their culture,” said the TT2 team.

“TT2’s investment thesis will prioritize European-based travel ventures beyond the seed capital stage with unique potential value to be developed further and that have a strong commitment to talent, technology, and CSR values.”

The fund’s life cycle will be eight years, and it has begun to reach its capital raise target of €50 million.