DURBAN – Travelstart, an African online travel company has announced a new partnership with global private markets investment firm HarbourVest, with $58 billion (R847bn) 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 $194bn 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 chief executive of Travelstart.
Ekbergh added: "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.