Czech Credo Ventures invests in Romanian DCS Plus

Romanian DCS Plus announces its latest investment this time made by Credo Ventures. The investment was announced yesterday but the amount still remains undisclosed.

Cristian Dinca, CEO at DCS Plus | Photo credit: Dinca’s LinedIn profile

Reportedly, the new investment will help DCS Plus to fulfill its mission to expand its international operation in Middle East, Central and North Africa and Southeast Asia. Actually the company has already announced to open its office in Dubai in the second quarter of this year.

“We are already preparing the launch of some game-changing technologies quite soon”, stated Cristian Dinca, DCS Plus CEO.

Ondrej Bartos, partner at Credo Ventures, in the press release issued by the company, said that with this investment they see the potential for DCS Plus to make the now fragmented and inefficient market more efficient and transparent for the travelers.

Ondrej Bartos, Partner at Credo Ventures | Photo credit: Bartos’ LinkedIn profile

“Travel tech category has experienced massive growth over the past few years, reflecting the fact that travel and tourism industry makes up to 10% of global GDP and accounts for nearly as many jobs. Surprisingly the sector is extremely fragmented, and inefficient from the customer’s point of view. We strongly believe that dcs plus has developed a very strong suite of products for travel industry, and has the potential to not only become a leading provider of travel software, but also make the market more efficient and transparent for the travelers”

DCS plus is a global leading company, committed to designing and developing IT solutions for the travel and tourism industry. Founded in 2002, Romanian  DCS plus operates worldwide, offering adaptable, cutting-edge resources and tools for hundreds of travel and tourism professionals.

On the other hand, Credo Ventures, founded in 2009 in Czech Republic, is a venture capital company focused on early stage investments in Central Europe. Their focus are IT, Internet & Health early stage companies.