Velocity Ventures

Velocity Ventures is a Singapore-based venture capital firm with a singular focus on the Travel and Hospitality sector across Southeast Asia, founded in 2020. The firm launched its sector-specific Travel and Hospitality Fund, reaching a first close of US$20 million, partly in response to the COVID-19 disruption, with the aim of powering the recovery and reinvention of the region's travel and hospitality startups and matching corporates with promising young companies. Velocity backs visionary entrepreneurs reshaping the sector at the seed to Series A stage, and selectively through to pre-IPO, across five verticals: Transportation, Travel Retail, Real Estate and Accommodation, Food and Beverage, and Retail and Entertainment, and it is willing to lead. Beyond capital it offers a hands-on, value-added approach combining strategic guidance with a deep industry network in Asia. The team blends travel and hospitality sector specialists with successful entrepreneurs who collectively bring around 13 decades of operating and investing experience and a track record of more than 50 deals across venture capital, private equity, M&A and IPOs with a reported roughly 24.4% IRR on early-stage investments. Velocity was founded by A. Patrick Imbardelli, former CEO of Pan Pacific Hotels and of InterContinental Hotels Group in Asia-Pacific, and Nicholas Cocks, an entrepreneur turned professional investor, with partners including Jonathon Cocks and Bennett Lee. Portfolio companies include ZUZU Hospitality, Aigens, BYHOURS, TripGuru, Tripbtoz, Journee, Tablevibe and Feast. By focusing exclusively on travel and hospitality in Southeast Asia, Velocity Ventures backs the founders reshaping the region's travel economy.