18 VC firms investing in travel & hospitality at the Pre-Seed stage.
Ranked by sector depth: the share of each firm's classified portfolio in this sector, its absolute count of investments here, and how recently it last invested. Firms need at least three portfolio companies in the sector to appear.
F4 Fund tracks 18 VC firms that actively invest in travel & hospitality at the Pre-Seed stage, with check sizes ranging from $50K – $20M (median: $1.7M). As of September 2026, 89% of these firms lead or co-lead rounds. Rankings are based on F4's proprietary analysis of 2,147+ researched VC firms. Ranked by how much of each firm's portfolio is actually in this sector, and how recently it invested.
| # | Firm | Check Size | Portfolio | Leads? | Last invested | Decision | Intro |
|---|---|---|---|---|---|---|---|
| 1 | ▶ Montage Ventures Montage Ventures aims to support radical thinkers who are bringing new ideas and platforms to foster change within the financial services, commerce and health sectors, leveraging AI as a key transformative agent. | $250K – $1M | 78 | N/A | Jul 2026 | N/A | N/A |
| 2 | ▶ Oxford Capital Founders are the key to realizing a startup's potential; capital is the key to realizing a scaleup's potential. We back disruptors delivering a 10x value proposition to large markets, from pre-seed through growth. Oxford, UK | $1M – $5M | 33 | Both | Jun 2026 · Active | N/A | Open |
| 3 | ▶ Acurio Ventures Partner with visionary European founders at seed and Series A, leveraging the team's own operator experience and a network of 150+ international co-investors. Sector agnostic (excluding life sciences and crypto) with ~50 companies per fund. Strong focus on capital efficiency, unit economics, and realistic paths to profitability. Co-investor by default; will lead when it adds value. Bilbao, Spain | $100K – $3M | 95 | Both | ~Jul 2026 · Active | N/A | Open |
| 4 | ▶ PXN Ventures More than 80% of UK venture capital is concentrated in London and the South East. PXN backs high-growth founders in the North of England, Scotland, and Northern Ireland with capital (£200K-£8M) plus hands-on, "more than money" operational support. Manchester, UK | $260K – $10.4M | 102 | Both | Aug 2026 · Active | N/A | Open |
| 5 | ▶ InfoEdge Ventures Partner with passionate entrepreneurs building enduring, tech-enabled businesses in India. Be the first institutional investor and provide patient capital with long fund cycles, supporting companies from seed to pre-IPO. Gurgaon, India | $300K – $5M | 39 | Leads | Sep 2026 · Active | ~1 mo | Open |
| 6 | ▶ Forerunner Ventures Investing at the intersection of Invention & Culture. We back founders building category-defining consumer companies where technology breakthroughs meet emerging human behavior. We see inflection points before they're consensus by tracking both emerging technology capabilities and emerging consumer demands. San Francisco | $1M – $20M | 115 | Leads | ~Sep 2026 · Active | ~2 wks | Open |
| 7 | ▶ Velocity Capital Back innovative, capital-efficient UK technology companies from pre-seed through Series A via SEIS/EIS tax-efficient structures. Portfolio companies should reach £10M ARR within 3 years and £20M within 5 years, targeting at least 5x returns for investors. Active investor model leveraging entrepreneurial, finance, and marketing expertise. Epsom, Surrey, UK | $250K – $1.5M | 47 | Both | ~Jul 2026 · Active | ~1 mo | Open |
| 8 | ▶ Silicon Gardens A Founders for Founders VC firm led by entrepreneurs who have built and scaled their own companies, backing pre-seed and seed founders across B2B SaaS, marketplaces, gaming/consumer apps, and D2C products, with hands-on mentorship and a bridge between the Adria/CEE region and Silicon Valley. Ljubljana | $300K – $1.5M | 50 | Both | Aug 2026 · Active | ~1 mo | Open |
| 9 | ▶ B Heroes Sector-agnostic early-stage investor backing Italian entrepreneurs from day zero, combining capital with a four-step structured assessment process and an ecosystem platform (Founders Club, events) built around trust-based, long-term founder relationships. Milan, Italy | $50K – $3.2M | 28 | Follows | May 2026 · Active | N/A | Req'd |
| 10 | ▶ ISAI ISAI identifies capital-efficient French tech startups early—often as the first VC—backing SaaS and marketplace models with progressive ambition, blue ocean positioning, and category-leader potential. Increasingly an AI-focused investor using it as an enabling lens across all verticals. Their edge: a community of 500+ tech entrepreneur-LPs who open doors, advise, and validate. Paris | $110K – $3.3M | 52 | Leads | ~Jul 2026 · Active | ~1 mo | Open |
| 11 | ▶ Seeder Fund We accelerate the first financing rounds of promising digital entrepreneurs in Belgium and neighbouring countries, leading pre-seed rounds and co-leading or following at seed, with a fast and transparent decision process and the capacity to double down in later rounds. Brussels, Belgium | $100K – $1.5M | 52 | Both | Jul 2026 · Active | ~2 wks | Open |
| 12 | ▶ Link Ventures We invest in early-stage AI-driven startups founded by top technical talent from MIT, Harvard, and Boston ecosystem. We believe transformative AI innovation is emerging from university-affiliated founders backed by comprehensive operational support, mentorship, and access to world-class networks. Cambridge | $1M – $8M | 76 | Leads | ~Sep 2026 · Active | ~2 wks | Req'd |
| 13 | ▶ Nexus Venture Partners We partner with extraordinary entrepreneurs building product-first companies that redefine their categories. In the US, we focus on transformative AI and enterprise software. In India, we back digital-native businesses solving local market problems at scale. Menlo Park | $100K – $10M | 130 | Leads | Jun 2026 · Active | ~1 mo | Req'd |
| 14 | ▶ Heartfelt Capital Europe's first cheque fund: the first institutional investor for exceptional European (and European-origin) founders, helping them go from 0 to 1 and reach product-market fit, backed by anchor corporate relationships with Axel Springer and Porsche. Berlin | $100K – $400K | 161 | Both | Sep 2026 · Active | N/A | Open |
| 15 | ▶ Alpaca VC We invest in technology companies that reshape foundational industries – real estate, commerce, manufacturing, energy, logistics, and agriculture. Founded by entrepreneurs for entrepreneurs, we bring operational guidance, strategic insights from proprietary Field Studies research, and downstream capital access. We believe the startup journey is better together, providing hands-on support to exceptional founders building enduring companies. New York | $500K – $5M | 72 | Both | Mar 2026 · Active | ~2 wks | Open |
| 16 | ▶ DFF Ventures We invest in underdigitized verticals — backing founders with deep industry experience who are building digital solutions for analog industries. Focus on Vertical AI, Recommerce, and Marketplace models in the physical economy. Operator-first: all three founding partners are former founders. Amsterdam | $275K – $2.8M | 38 | Leads | Dec 2025 · Active | ~2 wks | Open |
| 17 | ▶ Telluride Venture Fund Exceptional entrepreneurs and innovative business ideas exist everywhere, not just traditional tech hubs. TVF invests in companies solving real problems in underserved regions, particularly the Colorado Plateau. Telluride, Colorado | $100K – $2M | 77 | Leads | Sep 2025 · Slowing | ~2 wks | Open |
| 18 | ▶ Baroda Ventures Scrappy entrepreneurs building lasting businesses with well-designed products. We work side-by-side with founders who demonstrate intellectual honesty and personal integrity. We emphasize long-term value creation in the LA startup ecosystem. Los Angeles | $1M – $5M | 15 | Both | Feb 2022 · Between | ~1 mo | Req'd |
What other stages do these firms also invest in?
What other sectors do these firms also invest in?
F4 Fund tracks 18 VC firms that actively invest in travel & hospitality at the Pre-Seed stage. Ranked by sector depth: the share of each firm's classified portfolio in this sector, its absolute count of investments here, and how recently it last invested. Firms need at least three portfolio companies in the sector to appear.
Based on F4's analysis, the median check size for pre-seed travel & hospitality investors is $1.7M, with a full range from $50K – $20M. The distribution breaks down as: 1 firms in the <$500K range, 4 firms in the $500K-$1M range, 5 firms in the $1M-$2M range, 5 firms in the $2M-$5M range, 2 firms in the $5M-$10M range, 1 firms in the $10M+ range.
Among the 18 firms tracked, 89% lead or co-lead rounds, and 6% typically follow. Founders seeking a lead investor should filter for firms marked "Leads" or "Both" in the rankings table above. Lead investors typically set deal terms and anchor the round.
The best pre-seed travel & hospitality investors combine domain expertise with an active portfolio in the space. Among these firms, 24% prefer warm introductions, and the average firm has 70 portfolio companies. Look for firms whose check size matches your raise, whose stage preference aligns with yours, and who have a track record of supporting companies in your sector through multiple growth phases.
Firm profiles are continuously updated through F4's research pipeline, which combines LLM-powered web research, portfolio analysis, and transcript extraction. The ranking data refreshes every 12 hours. Editorial analysis is reviewed weekly. Individual firm profiles are re-researched on a 30-day cycle or when new information surfaces.
Investors on this page also frequently invest in these sectors