Futurecraft Ventures acquires stake in Holiday Swap, plans expansion, and new operations

  • Date: 15-Jun-2023
  • Source: Zawya
  • Sector:Technology
  • Country:UAE
  • Who else needs to know?

Futurecraft Ventures acquires stake in Holiday Swap, plans expansion, and new operations

Futurecraft Ventures, a UK-based fund that recently opened an office in Dubai to explore the potential of the MENA market, has acquired a stake in Holiday Swap: its first investment in the travel industry. The Futurecraft collaboration is set to offer “smart money” support in addition to funding. As a result of the investment partnership, Holiday Swap aims to both launch new travel options and services and enhance the existing ones.

With this investment, Futurecraft hopes to capitalize on the global travel market, expected to reach USD 16.9 Trillion by 2030 at a CAGR of 5.4%, as with the decentralization of the workplace, and change of global employment patterns, the workforce gets more travel opportunities. The fund is also actively working with new investors and partners that share its unique, sector-agnostic vision and is preparing to collaborate with top teams in the MENA region.

The unique landscapes, historical landmarks, and rich cultural experiences make the MENA travel market particularly attractive for investment and expansion. Futurecraft's collaboration with Holiday Swap aims to tap into this lucrative market, offering tailored travel options and services that cater to the preferences and needs of travelers in the region.

Holiday Swap: New Experiences and Market Expansion

Holiday Swap was