Where This Fidelity Venture Fund Is Placing Travel Tech Bets
Skift Take
Many people wonder why some travel startups attract venture funding while others don't. In this interview, Gaurav Tuli, a partner at Fidelity's F-Prime, clears up some of the mystery.
Travel Tech Briefing
Editor’s Note: Exclusive reporting on technology’s impact on the travel industry, delivered every Thursday. The briefing will guide executives as they decide if their companies should “build, buy, or partner” to stay ahead.F-Prime Capital is a venture firm affiliated with Fidelity Investments, the U.S. financial services giant. It makes non-strategic investments in technology and health care.
F-Prime holds stakes in four travel tech startups:
Canary Technologies, which this week announced a $15 million Series A round led by F-Prime. The startup provides hotels with technological tools to help with operational tasks and guest management.AvantStay, a short-term rental property operator that also helps match investors with real estate opportunities. In December, AvantStay raised $160 million in funding. This month it raised $500 million for a subsidiary to hold its property assets.OTA Insight, a business intelligence service for hotels. In November, it secured $80 million in funding.ConnexPay, which offers a fully integrated merchant processing and virtual-card-issuing solution. This startup is building a payment distribution platform that digitizes the flow of funds for the travel
