Amadeus Ventures will launch in APAC early next year investing in early stage startups sitting at the crossroads of technology and travel.
Launched in 2014 as an innovation vehicle to drive collaboration with the startup ecosystem, Amadeus has introduced more than 150 startups to its business units and has developed more than 20 joint projects with its portfolio companies. Its portfolio continues to grow by three to five companies every year, with Refundit, Volantio and Dawex among the companies already in the investment portfolio.
“Our main aim in expanding Amadeus Ventures across APAC is to encourage and nurture innovation in the travel industry,” said Suzanna Chiu, Head of Amadeus Ventures.
“Startups struggle to gain competitive advantage against large enterprises and if they do, a lot of the time they don’t know how to navigate through the landscape. We not only offer funding but also our industry expertise and network to help young start-ups achieve their strategic and commercial goals.
“It’s a ripe market to be a start-up in, and given the global scope of our business, we are on the search for business ideas and models that can be scaled across borders. We’re looking forward to working closely with all types of startups across APAC and offering them access to our global network of customers and expertise to develop commercial relationships.”
Stephanie Strunk will be the Amadeus Ventures representative for the region.
“Travel startups across APAC are frequently disrupting the industry, challenging the way we think about innovation,” she said.
“To keep up with the pace of change, funding for travel startups is increasing at the same rate – reaching record highs. With China leading in this space, we don’t expect the rest of APAC will be that far behind, working on new solutions and ideas to enhance the overall traveller experience”.