Nairobi-based Investment Studio Purple Elephant Ventures Raises $4.5 Million to Transform African Tourism
Purple Elephant Ventures (PEV), a Nairobi-based investment studio, has secured $4.5 million to accelerate its mission of transforming tourism in Africa. PEV develops innovative travel technologies to make the tourism industry more sustainable and resilient in the face of climate challenges.
Founded by experienced entrepreneurs, PEV launches several technology-focused startups every year. These companies aim to fill the gaps in Africa's tourism ecosystem, emphasizing sustainability and social impact. With this funding, PEV plans to further develop its portfolio and launch new initiatives to tackle the sector's major challenges.
