ROCH Ventures

Investment decisions are led by the three managing partners: Bobby Demri, Ludger Kuebel-Sorger, and Kai Kramer. Kuebel-Sorger additionally chairs the Investment Committee. The partners are supported by Senior Associate Michael Morvan, who manages deal flow and evaluation. The firm does not disclose a separate investment committee membership beyond the named partners.

As of mid-2026, the firm is actively raising ROCH Ventures Tech Travel & Hospitality Fund I, moving from an earlier deal-by-deal approach to a pooled fund structure. The vehicle is designed to back travel and hospitality tech startups at Series A stage. The firm's prior investments, including Apartool, RAUS, and WeSki, were executed before the fund's final close.

ROCH Ventures targets early-stage to growth equity, with a primary emphasis on Series A rounds. The firm also maintains capacity for seed-stage and expansion-stage investments, as evidenced by its portfolio company development stages. The investment scope explicitly focuses on companies with validated product-market fit and rapidly growing books of business.

The firm defines its investment universe as travel and hospitality technology, operating across six verticals including corporate travel, lodging, and travel planning. It does not invest outside this concentrated mandate. The partners' backgrounds at BCG rather than hospitality operations create a thesis-driven exclusion: they target technology-enabled business model shifts, not traditional hotel or airline assets.

ROCH Ventures has not publicly detailed a co-investment policy. Its portfolio company Apartool pursues collaboration with established industry actors such as Amex GBT and BCD Travel, suggesting an operating philosophy that values incumbent partnerships over competitive displacement. However, the firm has not disclosed whether it actively syndicates equity rounds with external venture or strategic investors.