Dennis Schaal, Skift
Amadeus became the latest established travel industry operating company to launch a travel startup investment fund, joining Concur, eLong, American Airlines and Priceline, although the latter two “funds” have yet to leave the ground.In recent years, these companies are showing they are not just content to acquire travel startups when they are ripe for the plucking.Instead, these companies want to get tight with the startups at an early stage, with the possibility of an acquisition perhaps at a later juncture.Madrid-based Amadeus announced in a blog post today that it has created Amadeus Ventures to invest in early-stage travel and hospitality startups.Katherine Grass, who heads Amadeus Ventures within the Amadeus IT Group, writes in the blog post:“The main objective of the fund is to identify and invest in start-up companies that have already developed a working prototype and sit in niche areas of the sector that we believe are at the forefront of developing market trends.
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