The travel agency industry in the DACH region includes companies offering a wide array of services such as booking flights, accommodations, tours, and other travel experiences. With the rise of technology, many agencies are transforming, integrating digital platforms to facilitate easier and personalized travel solutions. Notably, trends such as sustainable tourism and the focus on unique travel experiences are shaping future offerings. Travelers are increasingly turning to specialized agencies that cater to niche markets, underscoring a shift towards more tailored and memorable adventures, while traditional players are enhancing their digital capabilities to stay competitive.


The investors featured in this list consist of a mix of corporate and venture capital firms, primarily headquartered in vibrant cities like Berlin, Munich, and Vienna. Many of these firms have relatively small teams yet manage significant deal counts in 2024. Founded between 1883 and 2014, these investors vary greatly in size, from startups to major corporations. Their collective investments reflect a notable interest in the travel agency sector, showcasing a blend of support for both established and emerging companies shaping travel today.


Top 18 Travel Agency Investors in DACH


1. HV Capital

  • Website: hvcapital.com
  • Type: Venture Capital
  • Headquarters: Flensburg, Schleswig-Holstein, Germany
  • Founded year: 2000
  • Headcount: 11-50
  • Number of deals in 2024: 28
  • LinkedIn: hvventures

HV Capital is a venture capital firm based in Flensburg, Schleswig-Holstein, Germany, founded in 2000. With over €2.8 billion under management, HV Capital specializes in investing in digital companies and supporting entrepreneurs from seed stage to exit. They provide capital and strategic guidance to startups across Europe, helping them navigate growth challenges and achieve market success. Notably, HV Capital has invested in several travel-related companies, including OnlineTours, a Russia-based online travel agency that raised $7 million in a series-B round in 2014, and DreamCheaper, which raised €1.5 million in funding for marketing and expansion in 2017. Additionally, their significant investments in FlixBus, which raised $650 million in a Series G round in 2021 and $563 million in a Series F round in 2019, highlight their active role in the travel and transportation sector.


2. TA Ventures

  • Website: taventures.vc
  • Type: Venture Capital
  • Headquarters: Frankfurt, Hesse, Germany
  • Founded year: 2010
  • Headcount: 11-50
  • Number of deals in 2024: 5
  • LinkedIn: ta-ventures

TA Ventures is a venture capital firm based in Frankfurt, Hesse, Germany, founded in 2010. The firm specializes in early-stage technology startups across various sectors, including HealthTech and FinTech, but has also made notable investments in the travel agency industry. Among their significant transactions are investments in itravel, which raised over $7 million in Series B funding in 2018 and $2.2 million in Series A funding in 2016, and Dreamlines, which secured $25 million in Series C funding in 2014 and nearly $10 million in Series B funding in 2013. These investments highlight TA Ventures' active role in supporting and growing travel-related businesses, showcasing their strategic support and capital provision to help these startups thrive in a competitive market.


3. Tui

  • Website: tuigroup.com
  • Type: Corporate
  • Headquarters: Hanover, Lower Saxony, Germany
  • Founded year: 1923
  • Headcount: 10001+
  • LinkedIn: tuigroup

TUI Group, founded in 1923 and based in Hanover, Lower Saxony, Germany, is a leading integrated tourism company that offers a wide range of travel services, including hotels, cruises, and activities. With a focus on providing comprehensive vacation solutions, TUI serves millions of customers worldwide, ensuring a seamless travel experience through its diverse offerings and strong brand presence in the tourism industry. TUI has made several strategic acquisitions to bolster its position in the travel agency sector, including the acquisition of Destination Services for $135 million in 2018, which enhances their service offerings. In the same year, TUI acquired Musement, an Italian digital company specializing in tours and attractions, allowing Musement to operate independently while benefiting from TUI's extensive customer base. Additionally, TUI acquired the local travel company Le Passage, further expanding its reach in the travel market. TUI Ventures also invested in Peakwork AG, aiming to establish a global market standard for the distribution of tourism services. These transactions highlight TUI's active role in the travel agency industry and its commitment to enhancing customer experiences.


4. Rocket Internet SE


Rocket Internet SE is a venture builder based in Berlin, Germany, founded in 2007. The firm specializes in incubating and investing in internet and technology companies globally, providing operational support and capital to entrepreneurs. While their investment portfolio spans various sectors, including eCommerce, PropTech, and FinTech, they have also made notable investments in the travel industry. For instance, they participated in the Series A funding of TravelBird, raising $5.6 million in March 2014, and invested in ClickBus, which raised $10 million in August 2014. Additionally, they were involved in the funding of Wimdu, an Airbnb clone, which raised $90 million, and Tripda, which raised $11 million in January 2015 and $6.2 million in May 2014. These transactions highlight Rocket Internet's commitment to fostering growth in the travel sector, making them a significant player in the travel agency investment landscape.


5. Speedinvest

  • Website: speedinvest.com
  • Type: Venture Capital
  • Headquarters: Vienna, Vienna, Austria
  • Founded year: 2011
  • Headcount: 51-200
  • Number of deals in 2024: 45
  • LinkedIn: speedinvest

Speedinvest is a venture capital firm based in Vienna, Austria, founded in 2011. The firm specializes in funding early-stage tech startups across Europe, providing both capital and hands-on support to help these startups scale their operations. Speedinvest's investment focus spans various technology sectors, including Deep Tech, Fintech, and SaaS. Notably, Speedinvest has been involved in significant transactions within the travel agency context, particularly with TourRadar, a Vienna-based tour travel marketplace. Speedinvest participated in multiple funding rounds for TourRadar, including a $6 million Series A round in 2016, a $50 million Series C round in 2018, and earlier angel investments in 2013 and 2014. These investments highlight Speedinvest's active role in supporting the growth of travel-related businesses, showcasing their capability and interest in the travel agency industry.


6. HomeToGo

  • Website: hometogo.com
  • Type: Corporate
  • Headquarters: Berlin, Berlin, Germany
  • Founded year: 2014
  • Headcount: 501-1000
  • LinkedIn: hometogo

HomeToGo is a Berlin-based vacation rental platform founded in 2014, specializing in aggregating listings from various providers to offer travelers a comprehensive search tool for unique accommodations. The company has made several strategic acquisitions to enhance its market position, including a 51% stake in KMW Reisen GmbH and Super Urlaub GmbH for approximately €31 million, which is the largest acquisition in its history. Other notable acquisitions include Tripping.com, EscapadaRural, CASAMUNDO, and Feries, all of which further solidify HomeToGo's role in the travel agency industry by expanding its offerings and reach in the vacation rental market.


7. Axel Springer

  • Website: axelspringer.com
  • Type: Corporate
  • Headquarters: Berlin, Berlin, Germany
  • Founded year: 1946
  • Headcount: 10001+
  • Number of deals in 2024: 1
  • LinkedIn: axel-springer-se

Axel Springer SE is a prominent media company based in Berlin, Germany, founded in 1946. It specializes in publishing news and digital media, operating a diverse portfolio of brands such as BILD and Business Insider. The company is committed to independent journalism and leveraging technology to enhance its media offerings. As an investor, Axel Springer has participated in various funding rounds, including significant investments in the travel sector. Notably, they invested in Zizoo, a leading boat rental platform, through multiple funding rounds, including a seed round in 2016 and a Series A round in 2018. These investments highlight Axel Springer's interest in the travel industry, particularly in innovative platforms that facilitate travel experiences.


8. Mairdumont Ventures


Mairdumont Ventures is a venture capital firm based in Ostfildern, Baden-Württemberg, Germany, founded in 2015. The firm specializes in investments in digital travel companies, providing both capital and consulting services to early-stage startups in the travel tech sector. Mairdumont Ventures leverages its extensive network and expertise in the travel industry to support its portfolio companies in their growth and innovation efforts. Notable transactions include a seed investment in Travelcircus, which raised over $2 million, and Beach-Inspector.com, which also secured funding in its seed round. Additionally, they participated in a €1.7 million investment round for Zizoo, a leading boat rental platform, and have invested in tourias GmbH and Holidu, the latter raising nearly $44 million in a Series C round. These investments highlight Mairdumont Ventures' commitment to fostering innovation within the travel agency sector.


9. IBB Ventures


IBB Ventures is a venture capital firm based in Berlin, Germany, founded in 1997. The firm specializes in early-stage financing and has invested in over 270 startups, providing not only capital but also expertise and resources to help these businesses thrive in competitive markets. Among their notable transactions, IBB Ventures invested in Travelcircus, which raised $2,155,846 in a seed round in January 2016, indicating their commitment to the travel sector. They also participated in funding Yachtico.com, a platform for yacht charters and vacations, showcasing their interest in travel-related businesses. Furthermore, their recent investment in eco.mio, which focuses on sustainability in travel and has partnered with Deutsche Bahn, highlights their ongoing engagement in the travel industry. Overall, IBB Ventures has a diverse portfolio that includes significant investments in the travel agency sector.


10. Sictic

  • Website: sictic.ch
  • Type: Venture Capital
  • Headquarters: Zurich, Zurich, Switzerland
  • Founded year: 2014
  • Headcount: 201-500
  • Number of deals in 2024: 77
  • LinkedIn: sictic

Sictic is a not-for-profit venture capital organization based in Zurich, Switzerland, founded in 2014. It connects smart money investors with innovative Swiss early-stage technology startups, providing investment opportunities, networking events, and educational resources to facilitate the growth of startups and the investment community. Among its notable transactions, Sictic has invested in Viatu, a company that raised an undisclosed amount in a venture round in July 2024, and Nezasa, which focuses on travel technology solutions. Nezasa secured funding in both a Seed Round in June 2014 and a Series A round in December 2018, indicating Sictic's ongoing interest in the travel sector. Additionally, Sictic has supported other startups like HYLL, although they are not directly related to travel. Overall, Sictic's engagement with travel technology companies positions them as a relevant player in the travel agency investment landscape.


11. Atlantic Labs

  • Website: atlanticlabs.de
  • Type: Venture Capital
  • Headquarters: Berlin, Berlin, Germany
  • Founded year: 2013
  • Headcount: 11-50
  • Number of deals in 2024: 13
  • LinkedIn: atlantic-labs

Atlantic Labs is a venture capital firm based in Berlin, Germany, founded in 2013. The firm is dedicated to supporting exceptional, mission-driven founders throughout their entrepreneurial journey. They invest across various sectors, including climate tech, AI, and digital health, but have also made notable investments in the travel industry. Key transactions include their early investments in Omio, which raised $27 million in Series A funding in 2014 and $4 million in a Seed Round in 2013, positioning it as a significant player in the travel booking space. Additionally, Atlantic Labs participated in the funding rounds for Campanda, an international platform for motorhome and campervan rentals, contributing to its Series A and Series B funding rounds, which raised over €15 million in total. These investments highlight Atlantic Labs' engagement in the travel sector, showcasing their commitment to supporting innovative travel solutions.


12. Point Nine

  • Website: pointnine.com
  • Type: Venture Capital
  • Headquarters: Berlin, Berlin, Germany
  • Founded year: 2011
  • Headcount: 11-50
  • Number of deals in 2024: 16
  • LinkedIn: point-nine-capital

Point Nine is a venture capital firm based in Berlin, Germany, founded in 2011. The firm specializes in investing in early-stage companies, particularly in the SaaS, enterprise software, and B2B marketplace sectors. They provide funding at the seed stage and are committed to participating in subsequent funding rounds to help startups scale their operations. Notably, Point Nine has invested in travel-related companies such as Couchsurfing, which raised $7.6 million in Series A funding, and GoOpti, a ride-sharing platform for shuttle bus services that raised €4.4 million in funding. These transactions highlight Point Nine's engagement in the travel industry, particularly in innovative platforms that enhance travel experiences.


13. Cherry Ventures

  • Website: cherry.vc
  • Type: Venture Capital
  • Headquarters: Berlin, Berlin, Germany
  • Founded year: 2012
  • Headcount: 11-50
  • Number of deals in 2024: 25
  • LinkedIn: cherry-ventures

Cherry Ventures is a venture capital firm based in Berlin, Germany, founded in 2012. The firm specializes in early-stage investments across various sectors in Europe, providing capital, mentorship, and resources to innovative startups. Notably, Cherry Ventures has been actively involved in the travel agency industry, having led multiple funding rounds for TourRadar, a Vienna-based tour travel marketplace, with investments totaling $66 million across Series A, B, and C rounds. Additionally, they participated in the Series A funding for FlixBus, a prominent player in the travel and transportation sector. Their focus on supporting companies that aim to create lasting impact in their industries aligns with their investments in travel-related startups.


14. Mercedes-Benz AG

  • Website: mercedes-benz.com
  • Type: Corporate
  • Headquarters: Stuttgart, Baden-Württemberg, Germany
  • Founded year: 1883
  • Headcount: 10001+
  • Number of deals in 2024: 1
  • LinkedIn: mercedes-benz_ag

Mercedes-Benz AG, founded in 1883 and based in Stuttgart, Baden-Württemberg, Germany, is a leading automobile manufacturer renowned for its luxury vehicles and vans. The company is committed to quality and performance, offering advanced technology and features in its products. In addition to its core automotive business, Mercedes-Benz AG has made strategic investments in the travel sector, including significant funding in companies like Blacklane and FlixBus. Blacklane, a Berlin-based startup, has received multiple rounds of investment from Daimler (Mercedes-Benz's parent company), focusing on sustainable travel initiatives and expanding its global concierge services. Similarly, Mercedes-Benz AG's involvement in FlixBus highlights its interest in the transportation aspect of travel, further solidifying its role as an investor in the travel agency industry.


15. Acton Capital


Acton Capital is a venture capital firm based in Munich, Bavaria, Germany, founded in 1999. The firm specializes in investing in startups at the Series A stage and beyond, providing financial backing and strategic guidance to mission-driven teams across various sectors, including technology and eco-friendly consumer goods. Acton Capital has a notable focus on the travel industry, having invested in several relevant companies. They participated in funding rounds for Holidaycheck in 2006 and Escapio in 2008, both of which are significant players in the travel sector. More prominently, Acton Capital has been involved in multiple funding rounds for HomeToGo, a leading vacation rental search engine, including Series B, C, and D rounds from 2016 to 2018, raising substantial amounts to support its international expansion and product innovation. This track record highlights Acton Capital's commitment to supporting growth in the travel agency space.


16. Monkfish Equity


Monkfish Equity GmbH is a venture capital firm based in Leipzig, Saxony, Germany, founded in 2011. The firm specializes in providing equity funding and strategic support to early-stage and growth-stage startups, particularly in the internet and technology sectors. Monkfish Equity has been actively involved in the travel industry, having made significant investments in companies such as Tourlane, which raised $1,500,000 in a Seed Round in 2017, GlampingHub, which secured $40,000 in a Pre-Seed Round in 2013, and Campanda, which raised $3,044,005 in a Seed Round in 2014. These transactions highlight their commitment to supporting innovative travel solutions and entrepreneurial teams in the travel sector, alongside their broader investment strategy.


17. 10x Group

  • Website: 10x.group
  • Type: Venture Capital
  • Headquarters: Munich, Bavaria, Germany
  • Founded year: 2006
  • Headcount: 1-10
  • Number of deals in 2024: 2
  • LinkedIn: 10x-group

10x Group is a venture capital firm based in Munich, Bavaria, Germany, founded in 2006. The firm specializes in investing in founders and startups across Europe and Silicon Valley, providing both financial backing and strategic support to entrepreneurs in various industries, particularly technology and software. Notably, 10x Group has made several investments in the travel agency context, including Tripping.com, a platform for vacation rentals, and Roomstorm, which raised a total of $2.6 million in seed funding. Additionally, they invested in Suiteness, a company that offers hotel suite bookings, further emphasizing their engagement in the travel sector. Their investment in Roadsurfer, a Munich-based company that focuses on camper van rentals, also highlights their interest in travel-related services. Through these transactions, 10x Group demonstrates a commitment to supporting innovative solutions within the travel industry.


18. Project A

  • Website: project-a.com
  • Type: Venture Capital
  • Headquarters: Berlin, Berlin, Germany
  • Founded year: 2012
  • Headcount: 51-200
  • Number of deals in 2024: 13
  • LinkedIn: project-a-ventures

Project A is a venture capital firm based in Berlin, Germany, founded in 2012. They specialize in early-stage tech investments and provide operational support for startups. Their services include consulting in tech and growth, access to a network of investors, and pre-seed investment opportunities. In the travel agency context, Project A has made notable investments such as in Trendtours Touristik, which raised funds in 2018, and Origin, a travel membership company that secured $5 million in funding in 2022. They also invested in Horizn Studios, a smart luggage startup, participating in multiple funding rounds totaling €10M in Series B and $14.7M in Series A. These transactions highlight their active role in the travel industry, making them a significant investor in this sector.



Travel Agency Insights: Key Investors in DACH


InvestorHeadquarterSizeFoundedDeals 2024
HV CapitalFlensburg, Schleswig-Holstein, Germany11-50200028
TA VenturesFrankfurt, Hesse, Germany11-5020105
TuiHanover, Lower Saxony, Germany10001+19230
Rocket Internet SEBerlin, Berlin, Germany201-50020070
SpeedinvestVienna, Vienna, Austria51-200201145
HomeToGoBerlin, Berlin, Germany501-100020140
Axel SpringerBerlin, Berlin, Germany10001+19461
Mairdumont VenturesOstfildern, Baden-Württemberg, Germany1-1020150
IBB VenturesBerlin, Berlin, Germany11-50199718
SicticZurich, Zurich, Switzerland201-500201477
Atlantic LabsBerlin, Berlin, Germany11-50201313
Point NineBerlin, Berlin, Germany11-50201116
Cherry VenturesBerlin, Berlin, Germany11-50201225
Mercedes-Benz AGStuttgart, Baden-Württemberg, Germany10001+18831
Acton CapitalMunich, Bavaria, Germany11-5019993
Monkfish EquityLeipzig, Saxony, Germany1-1020110
10x GroupMunich, Bavaria, Germany1-1020062
Project ABerlin, Berlin, Germany51-200201213


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