Airline operator AirAsia’s digital unit, Redbeat Ventures, is seeking external limited partners for a dedicated fund that will invest in travel and lifestyle-focused startups worldwide, according to DealStreetAsia.
Aireen Omar, deputy CEO of digital, transformation and corporate services for AirAsia, told DealStreetAsia that AirAsia will anchor the fund, which could be known as RedBig Capital, but that it is seeking outside investors as limited partners.
AirAsia has not thus far been an active investor in the corporate venturing space, though Redbeat did participate in a $20m series B round for Thailand-based mobile workplace collaboration software developer Eko in November 2018.
