Journey Ventures

Journey Ventures is a Tel Aviv-based multi-stage venture capital firm dedicated to the travel technology industry, launched as a joint venture between the Fattal Hotel Group and Spring Ventures. Founded in 2019, the firm targets Israeli and international companies specializing in tourism, travel tech, and the hotel industry that have reached an advanced stage of technological development. The Fattal Hotel Group is Israel's largest hospitality organization, operating more than 200 hotels in 20 countries including the Leonardo hotel chain, a leading European brand. Spring Ventures is a private equity firm traded on the Tel Aviv Stock Exchange, led by Israeli internet entrepreneur Aviv Refuah. The firm is co-founded by Nadav Fattal, VP Marketing at Fattal Hotels Group with more than 10 years of digital marketing and startup experience, and Aviv Refuah, who completed the largest e-commerce transaction in Israel when Spring Ventures sold its online commerce activities to the Azrieli Group in May 2016 for approximately $22 million. Journey Ventures has made 9 known investments at seed and Series A stages with checks in the $500K to $3 million range. Portfolio companies include Lumai, which received a Series A investment in April 2025. A distinctive feature of Journey Ventures is the strategic access it provides to its portfolio: companies gain the Fattal Hotel Group's network of 200-plus hotels across 20 countries as a live testing ground and distribution channel. This combination of institutional hospitality expertise and operating infrastructure gives portfolio companies an unusually direct path to customer validation and commercial traction within the global travel and hospitality sector.