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June 17, 2020,

Rockaway has sold its stake in the German start-up Voya to Volkswagen Financial Services

Rockaway has sold its stake in the German start-up Voya to Volkswagen Financial Services

The venture division of Jakub Havrlant’s investment group Rockaway has recently completed the sale of its stake in the Hamburg-based start-up Voya. Volkswagen Financial Services from the Volkswagen Group has become the new owner of the German start-up, which provides a comprehensive digital solution to business travel.

“The Voya team has invested considerable resources and maximum energy into developing a product that today defines the highest quality in corporate travel management. This is confirmed, for example, by last year’s strategic partnership with Lufthansa City Center, a key player in the industry,” says Rockaway’s Investment Manager Martin Konop in explaining the significance of Voya, adding: “The arrival of a strong new owner like Volkswagen Financial Services only confirms the quality of its product and services. Its support will allow Voya to take its services to the next level.”

For the new owner, this is a strategic acquisition. “With this acquisition, we are adding business travel management to our mobility offering for fleet customers,” says Lars Henner Santelmann, Chairman of the Board of Management of Volkswagen Financial Services AG. Volkswagen Financial Services is the world’s largest fleet management company, operating in 48 markets. It provides financial services and complete administration and management of corporate fleets.

Voya is Germany’s leading provider of online business travel management for small and medium-sized businesses with an annual travel budget from € 250,000 to € 2.5 million. It offers its clients a complete end-to-end solution for online booking of products and services: from air tickets and hotels to trains and car rentals, both in web and mobile versions. Voya works in a chat environment and also utilizes artificial intelligence technology. This allows its users to obtain personalized offers that are relevant to their needs. The company became part of the Rockaway Ventures portfolio in August 2018.