According to The Irish Times, TeamABC, a venture capital fund involved in the travel sector, is setting up its headquarters in Dublin.
The fund focusses on early-stage companies, with a strong interest on increasing sustainability and digital transformation in travel.
TeamABC was set up by Clyde Hutchinson, Aurelius Noell, and Brian Marrinan, who have a vast amount of experience either working in the travel industry or in start-ups.
Noell was formerly the chief commercial officer at Level and Viva Air, two airlines.
Marrinan established Ireland’s first start-up accelerator programme, NDRC, amongst other experiences in start-ups.
Speaking to The Irish Times, Hutchinson said the group are “investing in efficient and sustainable air, land, and sea transportation and tourism.”
Investments will be aimed at companies at pre-seed level, with investments to be made in “the hundreds of thousands, rather than in millions.”
The fund made its first…