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Purple Elephant Ventures, Kenya’s Tourism-Focused Startup Studio, Raises $1M Pre-Seed Funding

Oct 07, 2022•almost 3 years ago

Amount Raised

$1 Million

Round Type

pre-seed

Nairobi

Description

A Kenya-based venture studio with a focus on tourism, Purple Elephant Ventures (PEV), has raised $1 million pre-seed funding to build the next generation of startups that use technology to modernize the tourism sector.

Company Information

Company

Purple Elephant Ventures

Location

Nairobi, Kenya

About

Purple Elephant Ventures is one of Africa’s first venture studios, designed to build and eventually spin-off three or four start-ups per year focused on improving sustainable travel and tourism in Africa. It was founded on the thesis that there is tremendous opportunity to modernize Africa’s large (~$200B) but somewhat out-of-date (only ~30% booked online) travel sector. We want to be the hub for innovation for Africa's travel and tourism sector.

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