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Hugo Burge was the Co-founder and Director of Marchmont Ventures, operating out of the Scottish Borders and London until his sudden passing at age 51 in May 2023. After earning a degree from the University of Bristol, he joined Cheapflights as an early investor and executive in 2000. He subsequently became the Chief Executive Officer of the rebranded Momondo Group, driving the travel search engine's global expansion and operational strategy. Under his leadership, Momondo Group achieved significant scale, culminating in a $550 million acquisition by The Priceline Group in 2017. Following this successful exit, he led the extensive restoration of the 18th-century Marchmont House and established the Marchmont Makers Foundation in 2020 to fund artist residencies. His professional background ultimately transitioned from scaling consumer internet and travel technology platforms to investing in sustainable enterprises and the arts.
Hugo Burge stands as a prominent figure in the European technology and investment landscape, celebrated for his entrepreneurial success and insightful investment strategies. As an accomplished investor, Burge has a rich history of building and scaling successful digital businesses, which now informs his approach to backing the next generation of innovators.
Burge's career began with a significant impact on the travel technology sector. In 1996, he co-founded Cheapflights, a pioneering flight comparison website that revolutionized how consumers searched for travel deals. Under his leadership, Cheapflights grew into a major player, eventually merging with Momondo to form the Momondo Group. As CEO of Momondo Group, Hugo Burge steered the company through a period of impressive growth and international expansion, culminating in its acquisition by the Priceline Group (now Booking Holdings) for $550 million in 2017. This successful exit solidified his reputation as a visionary entrepreneur capable of creating substantial value.
Following the sale of Momondo Group, Hugo Burge transitioned more actively into the investment world, leveraging his deep operational expertise and strategic acumen. He operates as both an angel investor and a General Partner at PROfounders Capital, a venture capital firm dedicated to supporting ambitious European tech startups. His role at PROfounders Capital involves identifying promising early-stage companies, providing strategic guidance, and helping them navigate the challenges of rapid scaling.
Hugo Burge's investment focus primarily lies in technology-driven businesses, with a particular interest in consumer internet, marketplaces, and software-as-a-service (SaaS) models. He is known for backing disruptive companies that demonstrate strong potential for market leadership and sustainable growth. His portfolio reflects a diverse range of innovative ventures, including notable investments in companies such as Secret Escapes, Bloom & Wild, LoveCrafts, and Gousto. These investments highlight his commitment to supporting founders who are building impactful products and services.
Through his ongoing work as an investor and mentor, Hugo Burge continues to contribute significantly to the startup ecosystem, fostering innovation and empowering entrepreneurs across Europe. His blend of hands-on operational experience and strategic investment insight makes him a highly sought-after partner for emerging technology companies.
Hugo Burge is a renowned entrepreneur and investor, best known as the co-founder of the successful travel technology companies Cheapflights and Momondo Group.
Hugo Burge primarily invests in early-stage technology companies, focusing on consumer internet, marketplaces, and SaaS models with strong potential for disruption and growth. He is an active angel investor and a General Partner at PROfounders Capital.
Hugo Burge operates as an independent angel investor and is a General Partner at PROfounders Capital, a venture capital firm based in London.
