Purple Elephant Ventures (PEV), a Nairobi-based venture studio, has successfully raised $4.5 million in seed financing, marking one of the largest tourism-tech funding rounds in African history. This significant investment will propel PEV’s mission to transform the continent’s tourism industry into a global leader in regenerative tourism. By developing cutting-edge travel technology in Africa, PEV aims to create a resilient, inclusive, and environmentally sustainable tourism sector.
The funding round attracted a distinguished group of investors, including Clear Creek Investment B.V, Klister Corp., Fede Pirzo-Biroli (founder of Playfair Capital), Anthony Rock, and Ian McCaig (former CEO of Lastminute.com). This milestone underscores the growing confidence in African travel tech startups and their potential to reshape the African startup ecosystem through impactful innovation.
Emerging from the pandemic with a bold vision, PEV is dedicated to fostering tourism innovation that enhances biodiversity, creates sustainable livelihoods for local communities, and reduces the ecological footprint of travel.
In just a few years, PEV has launched five high-impact startups, each addressing critical gaps in the hospitality ecosystem:
- Nomad Africa: A travel discovery platform and Kenya’s leading travel publisher and local agency.
- Kijani Supplies: A procurement tech company specializing in eco-friendly supplies for the hospitality industry.
- Zafari: A revolutionary booking platform for African hospitality, streamlining operations for tourism operators.
- PowerTrip: A cleantech company delivering energy-efficient appliances to hospitality businesses.
- JOIN Africa: A venture supporting safari guides, created in partnership with Paul English, co-founder of Kayak.
Unlike traditional venture studios, PEV retains control and self-funds its startups, ensuring alignment with its long-term mission to advance tourism innovation funding and deliver transformative impact across Africa.
Ben Peterson, Co-Founder and CEO of Purple Elephant Ventures, stated;
This funding is a testament to the untapped potential in African tourism innovation. With this support, we’re poised to revolutionize the industry through groundbreaking travel technology in Africa, fostering economic growth while preserving the continent’s incredible natural and cultural heritage. The future of sustainable tourism in Africa has never been brighter.
The $4.5 million will enable PEV to scale its portfolio of startups and launch new ventures focused on addressing the industry’s most pressing challenges. As a pioneer in venture capital for tourism tech, PEV is paving the way for a thriving, regenerative, and technologically advanced African tourism ecosystem.
