Africa’s Travelstart brings new investors on board
Travelstart, Africa’s leading online travel company has announced a new partnership with global private markets investment firm HarbourVest, with $58 billion under asset management, who will become a significant funding partner for the company.
HarbourVest will support Travelstart’s further expansion in geographies and growth in new verticals in the continents $194 billion tourism and travel market.
“The partnership with HarbourVest is a confirmation of the future opportunity in online travel in this continent, our business and our team,” said Stephan Ekbergh, founder and CEO of Travelstart. “We are very excited to have them on board.”
The investment comes on the back of MTNs Asset Realisation Program. MTN and Travelstart will continue its commercial relationship.
Travelstart currently does business across several African countries as well as across the GCC and HarbourVest is an independent, global private markets investment specialist with 36 years of experience.