Gharage Ventures launches €40M Fund I to back travel retail startups

Singapore and Berlin-based Gharage Ventures launched its €40 million Fund I to invest in early-stage tech companies in travel and retail, focusing on automation, AI-driven workflows, data infrastructure, and more. The fund, originally founded by Gebr. Heinemann in 2020, is now independent. It plans to invest globally from seed to Series A, backing roughly 30 startups.