A Differentiated Strategy for a Resilient Market

The Opportunity: Digitizing a $9.6 Trillion Global Industry

The global travel industry is in the midst of a profound technological transformation. Driven by the digitization of every part of the value chain and the demands of a rising global middle class, a new generation of technology companies is creating immense value.

We believe this represents one of the most compelling, resilient, and underserved venture capital opportunities of the next decade. As the industry rebuilds and modernizes, the B2B and FinTech infrastructure that powers it presents a target-rich environment for disciplined, specialist investors.

Our Thesis: The “Picks and Shovels” of the Travel Economy

Our thesis is direct: we invest in the essential technology infrastructure that will power the future of travel. We back ambitious, capital-efficient B2B and FinTech companies at or near product-market fit that are solving critical, unglamorous problems in the industry’s value chain.

By focusing on the “picks and shovels” of the travel economy—the software, payments, and data platforms—we target resilient, high-growth businesses with defensible moats and clear paths to profitability.

Our Edge: A Strategy Built on Three Pillars of Alpha

We believe our firm possesses a unique, defensible edge designed to generate outsized returns. Our ability to win is built on three pillars:

• 1. Operator DNA → Deeper Diligence & Value Creation Our partners are seasoned travel executives, not career financiers. This operator background provides an information advantage, allowing us to conduct deeper, more insightful due diligence. Post-investment, we leverage our experience to provide hands-on support that actively de-risks our portfolio companies and accelerates their growth.
• 2. Emerging Market Natives → Proprietary Deal Flow Our deep, native networks in the Middle East, Africa, and South Asia provide access to a unique and non-consensus stream of investment opportunities. While generalist VCs are tourists in these markets, we are locals, giving us a proprietary advantage in sourcing, evaluating, and winning the best deals.
• 3. Sector-Specific Focus → Unmatched Expertise We only invest in travel technology. This singular focus allows us to discern true signal from the noise in a complex and rapidly evolving industry. It makes us a more attractive partner for top founders and gives us the conviction to lead rounds and concentrate our capital in our best ideas.

Next Steps

For accredited investors and institutional partners, we invite you to start a confidential conversation. Please contact our team to request a full presentation and access to our data room.