ROCH Ventures

ROCH Ventures is a Paris-based venture capital firm founded in 2022 and focused exclusively on travel and hospitality technology startups, primarily at the Series A stage across Europe and Israel. The firm is currently deploying through ROCH Ventures Tech Travel & Hospitality Fund I, targeting approximately EUR 100 million in total investments. ROCH leads rounds and was co-founded by Bobby Demri, a serial entrepreneur who sold his company to Boston Consulting Group in 2017, and Ludger Kuebel-Sorger, Senior Partner Emeritus at BCG. The fund is backed by Boston Consulting Group and supported by a board of advisors drawn from Air France, Ennismore and SBE, Six Senses, Starwood, Four Seasons and major financial institutions. ROCH's investment thesis filters deals across five dimensions: desirability (a product 10x better than the next-best alternative), marketability (validated product-market fit and GTM model), defensibility (unique IP or corporate asset), scalability (total addressable market above $5 billion) and timeliness (riding a major wave over the next 2-3 years). The team reports more than 60 combined years of investing, strategy and operating experience. Three portfolio companies have been disclosed to date: Apartool, where ROCH co-led a EUR 5.5 million Series A alongside Barlon Capital; Raus, a premium sustainable nature-immersion brand that received an EUR 8.5 million seed round; and WeTrip. Raus, the most recent investment, was announced in November 2023. The combination of BCG backing, an industry-heavyweight advisory board and sector exclusivity gives ROCH portfolio companies exceptional access to global travel and hospitality networks -- from airline partnerships to luxury hotel brands -- that are difficult to replicate outside of a purpose-built specialist fund.