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Founded in 2020 and based in Singapore, Velocity Ventures is a venture capital firm dedicated to investing in technology-driven solutions within the Travel & Hospitality sector. With a fund size of $20 million, the firm aims to support visionary entrepreneurs who are reshaping the industry through innovative approaches. Velocity Ventures was established during a pivotal time for the travel industry, focusing on recovery and transformation in the wake of the COVID-19 pandemic. The firm is led by A. Patrick Imbardelli, a former CEO of Pan Pacific Hotels and InterContinental Hotels Group APAC, and Nicholas Cocks, an entrepreneur turned professional investor. Together, they bring over 130 years of combined experience in operating and investing within the travel and hospitality sectors. This deep industry expertise and network distinguish Velocity Ventures in the competitive venture capital landscape.
Velocity Ventures invests across five key sectors: Travel Services, Transportation, Accommodation, Experiences, and Food & Beverage. The firm specifically targets tech-enabled startups at various stages, from Seed to Series A, that demonstrate potential for regional scalability and transformative impact within the Travel & Hospitality ecosystem. By focusing on high-growth startups, Velocity Ventures seeks to back companies that are not only innovative but also capable of disrupting traditional models in the travel industry. The firm emphasizes the importance of technology in enhancing the travel experience, making it a priority to support startups that leverage digital solutions to meet evolving consumer demands. This strategic focus allows Velocity Ventures to align its investments with the future of travel and hospitality, ensuring that they are at the forefront of industry advancements.
Velocity Ventures has built a diverse portfolio of 11 companies, showcasing its commitment to innovation in the travel and hospitality sectors. Notable investments include **Carbon Click**, a carbon-offsetting application designed for travelers; **Zytlyn**, a data analytics platform that forecasts global travel demand; and **Zuzu**, a SaaS platform that helps independent hotels manage their revenue effectively. Other significant portfolio companies include **ByHours**, a booking platform for hourly hotel stays; **TripGuru**, which connects independent tour guides with travelers; and **Tripbtoz**, a Korean OTA that leverages user-generated content. Additionally, **Journee** offers personalized trip booking services, while **Hyper** operates an autonomous robotic pizza store. The firm also invests in **Aigens**, a middleware platform for digital ordering and payments, **Tablevibe**, an online ordering and review management system for food and beverage businesses, and **Feast**, a procurement marketplace for F&B companies. This varied portfolio reflects Velocity Ventures' strategic focus on technology-enabled solutions that can scale regionally within Asia and Southeast Asia.
A. Patrick Imbardelli - Co-founder and Managing Partner. Former CEO of Pan Pacific Hotels and InterContinental Hotels Group APAC, bringing extensive operational experience in the travel sector.
Nicholas Cocks - Co-founder and Partner. An entrepreneur turned investor with a strong background in the travel and hospitality industries.
To pitch Velocity Ventures, founders should visit their website at velocityventures.vc or email info@velocityventures.vc. They prefer pitches that clearly outline the innovative aspects of your technology and its potential impact on the travel and hospitality sectors. Warm introductions are beneficial but not mandatory.
Velocity Ventures operates a Corporate Partners Program designed to connect startups with established industry players in the travel and hospitality sectors. This program facilitates structured distribution channels and enhances market access for portfolio companies, providing them with valuable industry connections and support.
Velocity Ventures recently announced the first close of its $20 million travel and hospitality fund in June 2021. The firm has also launched a Corporate Partners Program to connect its portfolio companies with industry incumbents, enhancing market access and distribution channels. Their ongoing blog activity reflects a commitment to engaging with trends and insights in the travel tech space.
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