Lodge tech entrepreneur launches Voyria journey startup fund

Hospitality know-how veteran Frank Reeves has launched a €5 million fund to assist early-stage journey and hospitality know-how startups.

Reeves, who based Avvio in 2002 earlier than promoting it to SHR in late 2014, mentioned that €4 million of the fund is already dedicated, principally to SHR and two different unnamed firms.

Up till not too long ago Reeves has been chief evangelist at SHR Group however has now switched to the startup fund, which is known as Voyria.

Voyria is trying to entice synthetic intelligence-focused journey know-how startups in the UK and Eire and plans to assist them financially by investments of between €50,000 and €250,000, in addition to by mentorship. Reeves would additionally wish to get different entrepreneurs concerned within the fund.

“I wish to make an actual distinction to the startups I’m concerned with — by sharing my expertise of constructing, rising and promoting a enterprise and thru angel funding, if applicable,” Reeves mentioned. “Voyria is a novel plant that pulls the vitality and vitamins it wants from close by crops. That is what I need the Voyria Fund to do for the startups we work with – create a symbiotic ecosystem that actually helps them thrive.”

Earlier this 12 months, a bunch of on-line journey veterans fashioned Journey Tech 2, a €50 million progress stage fund aiming to draw as much as 10 European firms.

In the meantime, Roch Ventures launched in 2022 with about €100 million and has already invested in Raus, Apartool and WeSki.