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.
Czech FinTech start-up BudgetBakers, developer of the Wallet and Board applications and in which the ventures division of the Rockaway Capital investment group invested in 2017, has received an investment of almost…
Software that runs in the background of a banking application to check whether someone is trying to steal your money – this is a product from Brno startup ThreatMark. We talked with Michal Tresner, its CEO, about…
The Rockaway Capital investment group is sending another of its start-ups out into the world and selling its stake in the Techloop.io tech start-up, in which it invested in 2017 and 2018. Techloop will become part…
