Airbridge Equity Partners (AEP) has acquired a minority stake in the Berlin based scale-up Travelcircus the fast-growing and trusted entertainment travel platform that combines amazing entertainment experiences with handpicked premium hotels through modern technology. More than 750,000 travellers have used Travelcircus since its inception in 2014.
Travelcircus was founded by Bastian Böckenhüser and Mathias Zeitler and has become the market leader in the German entertainment travel market using their in-house developed technology stack, proprietary distribution and strong direct partnerships with companies like Ticketmaster, ATG, Stage Entertainment and Disney For 2020, for example, there will be an exclusive partnership with the world’s best-performing theatre piece Harry Potter and the cursed child.
The entertainment travel market is still to be developed and is growing significantly due the global trend of consumers shifting from goods to experiences; the so called shift to the experience economy. Travelcircus targets the biggest and most profitable verticals like musicals & theaters, theme parks, museums & exhibitions, wellness, sports, conventions, festivals and live concerts.
Travelcircus offers a market place to match customers’ demand for easy-to-book experiences and suppliers’ need to enhance pricing and utilisation. Customers are in need of a single point of inspiration and booking which offers a wide portfolio of entertainment events and an easy-to-use booking flow. Premium hotels are highly underutilized with only 60% usage but can’t price discriminate due to growing online price-transparency. Event partners and hotels are willing to discount their unused capacity in case their products are packaged and pricing becomes in-transparent. Travelcircus’ true end-to-end entertainment travel platform facilitates these needs and is directly connected to the OTA’s.
AEP will come on board as a new investor in addition to a number of existing investors such as Tengelmann Ventures, Howzat, IBB and Mairdumont.
Airbridge Equity Partners (AEP) has acquired a minority stake in the German scale-up AX-Semantics, the fast-growing tech company from Stuttgart that developed Natural Language Generation (NLG) technology that automatically creates linguistically rich descriptions of insights found in data.
NLG platforms automatically convert structured data, such as that found in a database, an application or a live feed, into a text-based narrative. This makes the data more accessible for users by reading or listening, and therefore to comprehend.
AX Semantics’ AI-based SaaS platform writes copy content and commentary, based on structured data, in 110 languages. It can be purchased, onboarded and used in an entirely self-service manner at a department level, without needing IT support. AX Semantics has customers globally, with a strong presence in North America and Europe. They enable companies in consumer products, financial services, healthcare, media & entertainment and retail to generate written content faster, cheaper and better with the help of AI and automation.
The company is led by Saim Alkan and Robert Weissgraeber and AX-Semantics was listed as one of the five leading global NLG companies in the Gartner market guide for Natural Language Generation platforms in June 2019.
ChannelEngine helps brands, retailers and wholesalers to sell their products on multiple online marketplaces at the same time through one e-commerce integration and management suite. The EUR 1.1M investment round has been led by Airbridge Equity Partners. With this investment round Rick van Boekel, the founder of Dutch leading Marketplace Bol.com, will enter ChannelEngine’s board.
With the increasing importance of marketplaces, ChannelEngine has seen it’s growth rate increase over the past years. The Dutch Scale-Up will use the growth capital to expand the team, strengthen its technological lead and accelerate its International expansion.
ChannelEngine.com was founded in the Netherlands in 2013 and has grown into a leading platform for marketplace integration. It offers the opportunity to have its customers increase their online presence and outsmart their competition by attracting a bigger audience and using advanced product rules, order management and pricing engines. In doing so, they get powerful functionalities and expertise at their disposal that save time and increase revenue. The ChannelEngine platform is used by companies like Ahold, Bugaboo, Body & Fit and many others.
ChannelEngine was founded by Internet entrepreneur Jorrit Steinz who started e-commerce specialist Tritac and online retailer SB Commerce (which operated over 65 own webshops like vtwonen.nl, Gadgethouse.nl and Nationale Geschenkbon).
The Amsterdam based Airbridge Equity Partners led the investment round. This Dutch VC with a European focus on technology based scale-ups has been founded by a small group of experienced entrepreneurs with considerable joint experience in investing and building successful companies.
“Airbridge Equity Partners has invested in ChannelEngine, the fast-growing company from Leiden that has developed one of the most advanced marketplace integration platforms in the world. Consumers increasingly buy via marketplaces as a result of the wide product selection, competitive pricing, fast delivery and high-end customer service. It is becoming increasingly difficult for webshops and brands to compete on the search engines and to coordinate and optimise the offer via the various marketplaces in a smart and efficient way. ChannelEngine provides a powerful solution to tackle these ever-growing challenges in a very effective way. We are convinced that Channelengine will become a leading international player in this fast-growing market.” says Rick van Boekel – partner at Airbridge Equity Partners
“We are excited to have Airbridge Equity Partners as investors who not only believe in our vision, team and platform, but who can also make a valuable contribution from their own experience during the various phases of rapid international expansion,” says founder and CEO Jorrit Steinz.