Investment Summary

HarbourVest Partners and Amadeus Capital Partners Invest In Travelstart

On February 3, 2016, private equity firm HarbourVest Partners and venture capital firm Amadeus Capital Partners invested in internet software and services company Travelstart

Investment Highlights
  • This is HarbourVest Partners’ 7th and Amadeus Capital Partners’ 6th transaction in the Internet Software and Services sector.
  • This is HarbourVest Partners’ 2nd and Amadeus Capital Partners’ 1st transaction in South Africa.

Investment Summary

Date 2016-02-03
Target Travelstart
Sector Internet Software and Services
Investor(s) HarbourVest Partners
Amadeus Capital Partners
Deal Type Venture

Target

Travelstart

Cape Town, South Africa
website
Travelstart is an online travel agency that provides users to find and book for flights, hotels and car rides. Travelstart was established in 1999 and is based in Cape Town, South Africa.

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Investor(S) 2

Investor

HarbourVest Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1978
PE ASSETS 86.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

HarbourVest Partners, LLC is an investment firm that makes investments in new private equity partnerships, acquires secondary interests, and makes direct investments in operating companies. HarbourVest's largest investment area is investments in private equity funds, comprising of approximately 2/3 of HarbourVest's assets. HarbourVest's direct investment group looks for investments in growth oriented businesses at a variety of stages. The Group generally targets co-investments of $5 to $100 million, growth capital financings of $5 to $40 million, or mezzanine commitments of $5 to $20 million. Sectors of interest include software, hardware, data communications, telecommunications, and financial services. HarbourVest was formed in 1997 to assume the business of Hancock Venture Partners which was formed in 1982. HarbourVest Partners is based in Boston, Massachusetts, with additional offices in London, Tokyo, and Hong Kong.


DEAL STATS #
Overall 138 of 223
Sector (Internet Software and Services) 7 of 17
Type (Venture) 19 of 23
Country (South Africa) 2 of 3
Year (2016) 1 of 16
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-01 American Trailer Works

Sumner, Texas, United States

American Trailer Works is a manufacturer and distributor of utility and cargo trailers in North America. American Trailer Works sells trailers through independent dealers and national retailers under the PJ Trailers, Carry-On Trailer, RC Trailers, Middlebury Trailers and other private-label brand names.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-01 CrownRock Minerals

Midland, Texas, United States

CrownRock Minerals offers developing oilfields and buying minerals and royalties. CrownRock Minerals is based in Midland, Texas.

Buy -
Investor
DESCRIPTION

Amadeus Capital Partners is an early late-stage investor in high growth European technology companies. Specific areas of interest include AI & machine learning, online consumer services, cybersecurity, digital health and medical technology, digital media, enterprise SaaS, fintech, and insurtech. Amadeus Capital Partners was formed in 1997 and is based in London.


DEAL STATS #
Overall 34 of 69
Sector (Internet Software and Services) 6 of 10
Type (Venture) 28 of 60
Country (South Africa) 1 of 2
Year (2016) 1 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-06 ThinkTank

Denver, Colorado, United States

ThinkTank is an intelligent stakeholder engagement platform used by consulting & software leaders to guide teams, live or asynchronously, through a structured process in order to gain alignment, drive fast and efficient decision-making, and arrive at higher quality outcomes. ThinkTank was founded in 2008 and is based in Denver, Colorado.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-24 Hepstar

Cape Town, South Africa

Hepstar is a provider of access to a global travel ancillary product suite focused on optimal and personalized packaging for customers of online travel providers. Hepstar was founded in 2013 and is based in Cape Town, South Africa.

Buy -