Hospitality technology veteran Frank Reeves has launched a €5 million fund to support early-stage travel and hospitality technology startups.
Reeves, who founded Avvio in 2002 before selling it to SHR in late 2014, said that €4 million of the fund is already committed, mostly to SHR and two other unnamed companies.
Up until recently Reeves has been chief evangelist at SHR Group but has now switched to the startup fund, which is called Voyria.
Voyria is looking to attract artificial intelligence-focused travel technology startups in the United Kingdom and Ireland and plans to support them financially through investments of between €50,000 and €250,000, as well as through mentorship. Reeves would also like to get other entrepreneurs involved in the fund.
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