Investor Hunt
PricingProfile

Resourses

TemplatesBlogInvestor Update TemplatesBest Startup BooksAcceleratorsInvestor Pitch PrepFundraising Glossary
Sign InStart for free
Sign InStart for free

Find investors in the Tourism industry

Investor Hunt connects you with angel investors, venture capital firms, micro VCs, and investment partners active in the Tourism industry. Search by stage, location, investor type, or past investments to build targeted investor lead lists in minutes. Premium features and data such as investor contact details are only available on paid plans.

Filter

countries

United States57311United Kingdom7560India3055Germany2851France2650Canada2494China1277Israel1276Singapore1273Australia1229
See more Discover investment opportunities across different countries. See where top investors are focusing.

states

California16682New York8562England5982Illinois2910Massachusetts2650Texas2303Florida1807Île-de-France1594Washington1451Ontario1274
See more

Cities

San Francisco6966London4430Boston2297Los Angeles2159Chicago1847Paris1794Austin1134Toronto1088Palo Alto1048Dallas917
See more Explore the top cities where investors are actively engaged. Find the best location for your investments.

Industries

Software31149Information Technology (IT)26934Health Care25616Media and Entertainment24320Financial Services21800SaaS20106Enterprise Software19856Internet19680E-commerce19278Mobile19269FinTech19227Consumer Internet16916Artificial Intelligence (AI)15649Biotechnology13108Productivity Software11036Analytics10803Manufacturing10688Healthcare10431Banking10148Marketplace9659Women Founded9392Education9162Medical9044Machine Learning8550Finance8399Food and Beverage8205Retail7771Android7688Big Data7358Real Estate7329Clean Technology7188Advertising6977Biotech6970Medical Device6921Enterprise6888Pharmaceuticals6768Investment Management6470Marketing6382Apps6282Logistics6206Internet of Things (IoT)6035Security5803Cybersecurity5802Health IT5770Big Data Analytics5380Information Services5362Social Media5236Payments5216Robotics5176Wellness5051Cloud Computing4974Insurance4937Reviews and Recommendations4911Health and Hospital Services4785Wearables4712Hardware4668Women Led4561Digital Media4557Mobile Apps4552Automotive4485Fashion4468Computers4385Consulting4317EdTech4317Travel4263Digital Health4213Transportation4147Telecommunications4086Therapeutics4046Life Science4044B2B4008HR Tech4004Energy3953Consumer Goods3776Health Diagnostics3751Medical Testing3751Fitness3672Gyms3672Electronics3397Hospitals3312Cloud Infrastructure3213Web3/Crypto3157Supply Chain Management3131CRM3090Developer Tools3067Games2997Video2931Services2853Industrial2849Enterprise Applications2848Consumer Electronics2807Hotels2803Agriculture2793Web3/Blockchain2765Blockchain2762Sports2753Recruiting2714RetailTech2617E-Learning2601Service Industry2594AgTech2564Hospitality2533Dining2528Cloud Data Services2499Communities2468Restaurants2456Construction2450Renewable Energy2449Network Security2395Management Consulting2382ClimateTech / CleanTech2358Consumer2337Messaging2335Personal Health2334Predictive Analytics2306Impact Investing2286Business Intelligence2258Food Processing2241Packaged Goods2241Digital Marketing2224Biopharma2218Mobile Payments2204Consumer Health2202Delivery Service2195Customer Service2171Small and Medium Businesses2152Marketing Automation2148Social Network2102Risk Management2068Real Estate/PropTech2062Legal Tech2046Market Research2010Micro Lending1998Training1927Startups1926InsurTech1907Aerospace1898Developer APIs1881Wireless1851mHealth1810Lifestyle Products1799Shopping1791UK-based Startups1781Collaboration1776Media/Content1768Product Design1766Content1748Productivity Tools1708Data Integration1694Professional Services1690Hispanic / Latinx Founded1680E-commerce Platforms1654Search Engine1653Cryptocurrency1651Food Delivery1648Social Commerce1629Music1627Virtual Reality1620Databases1618SMB Software1604Publishing1592Data Services1561MarTech1542Asset Management1528Oil and Gas1527TransportationTech1524Organic Food1519Sustainability1504Semiconductor1499Clean Energy1492DeepTech1481iOS1481Accounting1462Developer Platform1461Events Services1450Sales1448Industrial Automation1446Factory Tech1441Web Development1439EnergyTech1421Computer Vision1413Genomics1409Rental1380Property Management1371Personal Finance1356Genetics1350Sales Automation1344Geolocation Tech1337Location Based Services1337Brand Marketing1329Business Development1320Social Entrepreneurship1320Innovation Management1315Beauty1314Online Portals1303Tourism1301Higher Education1293Leisure1265Recreation1261Cloud Security1258Commercial Real Estate1253Advertising Platforms1238News Media1232Augmented Reality1225Commercial1222Black / African American Founded1207Compliance1192Infrastructure1190Video Games1180IT Services1174Machinery Manufacturing1174Remote Work Tech1155Communications Infrastructure1146Data Visualization1134Cloud Management1133Gaming/eSports1129Farming1122Clinical Trials1117Energy Efficiency1111Solar1109Chemical1095Email1090Cosmetics1089Social Media Marketing1088Crowdfunding1086Subscription Businesses1071GovTech1068Video Streaming1061Nutrition1048PaaS1044Web Hosting1044Employment1037Autonomous Vehicles1035Software Engineering1035Electric Vehicles10343D Technology1028Identity Management1022Consumer Software995Logistics Tech991Staffing Agency973Lending958Investment Banking954Natural Language Processing940IT Infrastructure938Networks938Servers938Digital Entertainment932Mobile Advertising9263D Printing925Groceries923Entertainment and Sports888Web Design876Mobile Commerce860Bitcoin859Drones855Employee Benefits851Trading Platform842Building Material837Photography832Shipping830Energy Management825Credit Industry812Health Insurance801Open Source801Advanced Materials800Hispanic / Latinx Led800Wholesale792Technology784Crowdsourcing779Fraud Detection771Local769DentalTech764Enterprise Infrastructure760Black / African American Led749Pets742Data Centers737Space736Billing725Natural Resources715Furniture712Elder Care708Business Services707Sensors705Wellness & Fitness700AdTech697Business Information Systems688Home Care681Water Tech681Wine And Spirits667Smart Home666Broadcasting665Content Creators665Privacy659Email Marketing657Nanotechnology657Data Storage648Outsourcing633Children632Environmental Consulting613Home Decor613Semiconductors612Waste Management612Home Services611Human Capital/HR Tech606Audio605Environmental Engineering605Personalization605Corporate Training602Online Gaming601Social599Point of Sale (POS)592Engineering591Financial Exchanges591Printing585AR/VR579Loyalty Programs579Art577Career Planning573Auto Insurance572Bridging Online and Offline571Mobile Games570Esports569Lead Generation569Packaging Services566Content Marketing565Entertainment560South Asian Founded557Professional Networking556AngularJS555Event Management553Sales and Marketing552GreenTech549Sharing Economy549Public Safety544Health and Wellness540Energy Storage537PeertoPeer536Document Management528Social Games517Fleet Management515Nonprofits512Rental Property512Geospatial510Veterinary Tech509Sales & CRM506Recycling503Virtualization502Freight Service501Mobile Devices499Media498Data Mining487Air Transportation485Navigation481Ride Sharing481Parenting480Architecture479Web Apps479Search Engine Optimization (SEO)477Credit Cards476Neuroscience475Consumer Lending472Warehousing468Scheduling465Ticketing Platforms453Cannabis452Social Impact452Gig Economy450South Asian Led448Collaborative Consumption441Knowledge Management441Video Conferencing439B2C434Mining434Electrical Distribution433Social Media Platforms431Sporting Goods431Diagnostics428Bioinformatics427Film427Life Insurance423Plastics and Rubber Manufacturing423Image Recognition422Visual Recognition422Transaction Processing420Quantum Computing417Diversity-focused Venture Capital415Smart Cities410Snack Food409Mobile Health408Public Transportation407Fantasy Sports402Procurement402AutoTech401Electronic Health Records (EHR)399Interior Design399Capital Markets397Jewelry397Early Stage IT392East Asian Founded390Gamification384Smart Building381Facilities Support Services379Online Travel377Residential Real Estate376Public Relations372Construction Tech371Delivery Logistics369Last Mile Transportation369Artificial Intelligence367Direct-to-Consumer (DTC)366Task Management365University Tech365Travel Accommodations364Railroad362Same Day Delivery356Coffee351European Startups350Quality Assurance350Textiles344Battery343Biometrics343Lighting343Application Performance Management342Technical Support342Eyewear339Tech339Intelligent Systems337Child Care335Impact332Ventures for Good332Language Apps331Language Learning331Private Social Networking329Home Improvement326Film Distribution325Power Grid325Advice324Content Discovery324Space Travel315Cloud Software314File Management314File Sharing314Meeting Software314Enterprise Resource Planning (ERP)308Speech Recognition306Supply Chain Tech306Water Purification306Content Delivery Network304Short Message Service (SMS)302Texting Platforms302Family Services301Material Science299Facility Management298Car Sharing297Coworking297Photo Sharing297Direct Sales296Acquisitions290TV290Skill Assessment286Test and Measurement286Design284Film Production283Commercial Insurance280Precious Metals279Satellite Communication279Six Sigma278PC Gaming277Simulation277Healthcare Services273Green Consumer Goods272Retirement269Enterprise Security265UX Design264Communications Hardware263Text Analytics263Emerging Markets260Cooking259Graphic Design259Price Comparison259Video Chat259Alternative Medicine256All Markets255Ethereum255Baby Products254User Experience Design254Cloud Storage253GIS253Mapping Services253Unified Communications253Intellectual Property252Property Insurance252Social Fundraising251IaaS250Gift Card248Prepaid Cards248Civil Engineering246Psychology246VoIP246Lodging/Hospitality245Chemical Engineering242Emergency Medicine241Fuel241Law Enforcement240Adventure Travel239Building Maintenance237Local Services235Web Browsers233Business Travel232Internet Infrastructure232Semantic Search232Tutoring232Defense231Vacation Rental230K-12 Education229Usability Testing227Application Platforms225Virtual Workforces225Call Center224Internet Radio223Online Streaming223Property Development222East Asian Led221Nursing and Residential Care221Nursing Homes221Podcasts221Information and Communications Technology (ICT)220Location Tech220Consumer Applications216EBooks216Online Video Advertising215Catering213Consumer Technology212Mergers and Acquisitions211Parking211Face Recognition210Chemicals209Data Center Automation209Mobility208ServiceNow Development208Tablets208Outdoors207Association205Software platforms204Australia-based Startups203Cleaning Services Tech203Laundry and Dry-cleaning203Debt Collections202Gambling202Private Cloud202Funding Platform199App Marketing198Food Tech198Creative Strategy197Fashion / Apparel196Footwear196Social Shopping196Casual Games195Local Advertising195Social Media Advertising193Creator Economy / Passion Economy192E-Discovery192Research192Digital Signage190Journalism190Kids Products190News Production190Financial Infrastructure189Security Trading189Stock Exchange189Video on Demand189Cars autonomous vehicles188Human Computer Interaction188Oil188Social Media Management187Diabetes185Marine Technology185Hedge Funds183Internet Service Provider (ISP)183Travel Agency183Translation Service182Affiliate Marketing181Men’s Apparel181Social Recruiting181Wind Energy180Consumer Reviews179DIY178Local Commerce178Renovation178Optical Communication177Secondary Education177Craft Beer176Reputation Management175Social CRM175Data Security174Leasing174Cycling172Mobile Phones170Virtual Assistant169Content Management Systems (CMS)166Contact Management165Synthetic Biology164Collectibles163Debit Cards163Dietary Supplements163Reservations163Drone Management162Quantified Self162Assistive Technology160Bakery158Blogging Platforms158Generative Tech/AI158Financial Advisory157Product Search157Virtual Currency157Consumer Research156Minerals156Canada-based Startups154Biofuels153College Recruiting152Germany-founded152Ride-Hailing152Dating151DevOps151Embedded Systems151Mobile Enterprise151Charity150Auctions148Israel-based Startups148Ad Targeting147Consumer Products145Green Building145Singapore-based Startups145TV Production145Deep Learning143Ad Network142Animation142Coupons142Network Hardware142Home Garden137Resorts137Asia-Pacific (APAC)136Presentation Software136Wedding Tech135Industrial Design134Specialty Chemicals134Education Technology133Lead Management132Fuel Cell131GPS131Lingerie131Floriculture130Flowers130Digital Education129Southeast Asian Founded129Visual Search129Angel Investment128Computer-Aided Design (CAD)127Creative Agency127Homeland Security126Visualization125Animal Feed124Flash Storage124Middle Eastern / North African Founded124Music Streaming124Online Auctions124Diverse Founder Investments123Gaming Tech123Marine Transportation123Motion Capture123Performing Arts123Utilities123Rehabilitation122Ad Retargeting121Angel Investing121Civic Tech120Personal Development120Physical Security120Business Analytics119Fast-Moving Consumer Goods119Mobile Security119Navigation Tech119Data Science117Fishing116Security Tech116Western US-based Startups116Biomass Energy114National Security114Concerts113Office Management113Seafood113Embedded Software111Group Buying111Video Editing111Funeral Industry110iPhone110Wired Telecommunications110Blockchain Cryptocurrency109Fruit109Landscaping108Indoor Positioning107Southeast Asian Led107Forestry106Maps106Toys105Innovation104Educational Games102iBeacon102Mass Customization102Social Travel102Women-Focused102Classifieds100Content Syndication100Do It Yourself (DIY)98Gift Tech98Internet TV98Brewing97Embedded Hardware and Software97Outpatient Care97Primary Education96RFID96Soccer96Television96Livestock95Smart Cities/UrbanTech95Social News94Video Advertising94Travel Tourism93Storage92East Coast90Hong Kong-based Startups90Operating Systems89Photo Editing89Surf Tech89Lasers88Specialty Foods88Deals87iPad86Online Dating86Canada85Online Media84Outdoor Advertising84Agile Software Development83Charter Schools83Franchise83Sponsorship83Mining Technology81Customer Experience80Direct Marketing80Military80Continuing Education79Data79High Tech79Drug Delivery78Real Estate Technology78Self Storage78Social Assistance78Angels77Cosmetic Surgery77EarlyStage Technology77Prediction Markets77App Discovery76Connectivity76Disruptive Models76Middle Eastern / North African Led76Guides75Marijuana75Semantic Web75Association of Southeast Asian Nations (ASEAN)74Connected Devices74Northeastern US-based Startups74South East Asia-based Startups74Home Automation73Smart Tech73Teen-Focused Tech73Communications72Edutainment72Fertility72Hydroponics72Men"s Apparel and Accessories72Online Services72AudioTech71Custom Retail Solutions71Mobile Analytics71Trusted Networks71App Development70Business Productivity70Facebook Applications70Agricultural Retail69Console Gaming69Farmers Market69Fashion Tech69Humanitarian69India-based Startups69Document Preparation68France-based Startups68Mechanical Design68Performance Marketing68Credit Bureau67Museums and Historical Sites67Travel Tech67Bicycles66Search Marketing66Online Shopping65Assisted Living64Confectionery64Social Mobile64Audit63Music Services63Reading Apps63Casino62Email Newsletters62Online Forums62Search Engine Marketing (SEM)62Browser Extensions61Portfolio Management61Student-Focused Tech61Creative Industry60Customer Support Tools60Social Television60Environmental Innovation59Musical Instruments59Business Strategy58Event Promotion58HR Software57Nightlife57Courier Service56Nordic Countries-based Startups56Virtual Desktop56Chat55Vocational Education55Paper Manufacturing54Ad Server53General Aviation53A/B Testing52Application Specific Integrated Circuit (ASIC)52Latin America-based Startups52Retail Real Estate Tech52Trading52American Indian / Alaska Native Founded51Digital Currency51Influencer Marketing51Scaling Web Applications51Winery51Data Management50Due Diligence Services50Entrepreneurship50IoT50Demand-Side Marketing (DSP)49Spain-based Startups49Amusement Park and Arcade48Electronic Design Automation (EDA)48Gaming48Virtual Worlds48Commercial Lending47Native Hawaiian / Pacific Islander Led47Germany-based Startups46Boating45Brazil--based Startups45Celebrity45Comparison Shopping44Consumer Health and Fitness44ElasticSearch44Japan-based Startups44LGBTQ Market44Medical Technologies44Networking44Valuations44Wireless Technology44Curated Web Platforms43Environmental Solutions43Netherlands-based Startups43Online Rental43P2P Money Transfer43Pollution Control43QR Codes43Sweden-based Startups43Vertical Search43Mental Health42Capital Raising41Independent Music41Recreational Vehicles (RVs)41Social Networking Service (SNS)41UK Startups41Handcrafted Goods40Mortgage40Native Hawaiian / Pacific Islander Founded40Public Policy40Scandinavia-based Startups40Smart City40Strategic Planning40Application Performance Monitoring39Information Security39Italy-based Startups39Music Venues39Switzerland-based Startups39B2B (SMEs specifically)38Domain Registrar38Local Coupons38Massively Multiplayer Online (MMO) games38Nuclear Energy38Shipping Broker38Theatre Tech38Business Process Outsourcing37Horticulture37Luxury37Marketplace Lender37Retail Banking37Technology Services37UAE Startups37Algorithms36Audiobooks36Cloud-Based Music36Nightclubs36North America-based Startups36Social Bookmarking36Social Innovation36Urban Mobility36Virtual Goods36Web CMS36Bitcoin Exchange35Digital Risk Management (DRM)35Drug Development35Telemedicine35American Football34Brand Development34Civic Reporting34Connected Cars34Demographics34E-Signature34Energy Tech34Intrusion Detection34Mexico-based Startups34Smart Grid34Artificial Neural Networks33Basketball33CPG Technology33Comics32GPU32Health Supplements32Internet Marketing32Semiconductor Tech32Advertising Networks31Digital Publishing31Equities31Innovation Engineering31Religion31Social Enterprise31Social Search31Supply Chain and Distribution31Teaching STEM Concepts31Cause Marketing30Corporate Wellness30Human Rights Organizations30Specialty Retail30Tradeshows30Wood Processing30Active Lifestyle29Data Privacy29Genetic Testing29Massive Open Online Courses (MOOC)29Middleware29Nutraceutical29Strategic Partnerships29China Internet28Indonesia-based Startups28Programmatic Buying28Sex Tech28Shanghai-based Startups28Telephony28Translation28VR (Virtual Reality)28Web Tools28Career Management27Computer Science27Consumer Packaged Goods27Distillery27Health Technology27BPO Services26China-founded26Compliance Tech26Display Advertising26Distributed Systems26Local Shopping26Midwestern US-based Startups26Online Platforms26Regulatory Compliance26Senior Health26Application Development25Commodities25Content Management25Digital Storytelling25Food Trucks25Ireland-based Startups25Mobile Search25Online Education25Product Strateg25Sailing Tech25Technology Transfer25Unmanned Air Systems / Drones25

types

Angel/Individual67727Venture Capital38857Private Equity Firm27058Investor23745Investment Partner5519Micro VC3675Founder3299CEO2171Finance Operator1840Entrepreneurship Program1074
See more Explore different types of investors and choose the ones that align with your business goals.

stages

Seed37530Pre-Seed8278Series A3082Series B3047Early Stage Venture2669Non Equity Assistance315Crowdfunding313Late Stage Venture298Initial Coin Offering77Grant24
See more Learn about the funding stages investors are interested in and find the right match for your business.

investments

Uber193FleetCor Technologies190Attentive178Loft178FleetCor175Varo Money167Cazoo163Party City159Inspired155Primer153
See more

Nicolo Zanotto

United Kingdom,

England,

London

Investor Types

Venture Capital,

Private Equity Firm

Details

Tom Profumo

United Kingdom,

England,

London

Investor Types

Venture Capital,

Private Equity Firm

Details

Hernán Delaunay

Argentina

Investor Types

Angel/Individual

Details

Austin Feinstein

United States,

New York

Investor Types

Venture Capital,

Private Equity Firm

Details

Aashish Gupta

India,

Karnataka,

Bengaluru

Investor Types

Angel/Individual

Details

frank schiff

United States,

New York

Investor Types

Private Equity Firm

Details

Quinn Slack

United States,

California,

San Francisco

Investor Types

Venture Capital,

Angel/Individual,

Investor

Details

Prateek Puri

United Kingdom,

England,

Greater London

Investor Types

Venture Capital,

Private Equity Firm

Details

Christopher Kile

Switzerland

Markets

Dining
Health Care
Genetics
Autonomous Vehicles
E-commerce
Navigation
Computer Vision
Mobile Video
Women Founded
Medical Testing
Enterprise Software
Black / African American Led
HR Tech
Tourism
Infrastructure
Android
Micro Lending
PaaS
3D Printing
Hotels
Language Learning
Building Material
Banking
Automotive
SMB Software
Education
Artificial Intelligence (AI)
Information Technology (IT)
Computer-Aided Design (CAD)
Marketplace
Video Chat
Cloud Computing
Cloud Infrastructure
Mobile
Software
Language Apps
Biotechnology
Construction
Video
iOS
Photo Sharing
Genomics
Augmented Reality
Productivity Software
Photo Editing
Big Data Analytics
FinTech
Mobile Games
Employee Benefits
Consumer Internet
Reviews and Recommendations
EdTech
Financial Services
Social Media
Health Diagnostics
Internet
Social Impact
Application Platforms
Hospitality
Innovation Management
Developer Tools
Travel
SaaS
Big Data
Photography
Media and Entertainment
Machine Learning
Black / African American Founded

Investor Types

Venture Capital,

Founder,

Private Equity Firm,

Micro VC,

Investor

Details

★ Blaise Barrelet ★

United States,

Tennessee

Investor Types

Venture Capital,

Micro VC

Details

Alain Garner

United States,

New York

Investor Types

Angel/Individual

Details

Fergal Mullen

Switzerland

Investor Types

Venture Capital,

Private Equity Firm

Details

Jan Bruennler

United Kingdom,

England,

London

Investor Types

Venture Capital,

Private Equity Firm

Details

Daniel Penn

United States,

New York

Investor Types

Private Equity Firm

Details

Brett Shobe

United States,

Texas,

Austin

Investor Types

Venture Capital,

Private Equity Firm

Details

Eric

United States,

California,

Menlo Park

Investor Types

Venture Capital,

Private Equity Firm

Details

Ole Bettum

United Kingdom,

England,

Greater London

Investor Types

Venture Capital

Details

George Jian

United States,

California,

San Francisco

Investor Types

Venture Capital,

Private Equity Firm

Details

Hanna Yu

United States,

New York

Investor Types

Venture Capital,

Private Equity Firm

Details

Lorenzo Leoni

Switzerland,

Ticino,

Lugano

Investor Types

Venture Capital

Details

Steven Shenfeld

United States,

New York

Investor Types

Private Equity Firm

Details

Find the right investors for your startup

Finding investors who understand your industry can give your startup a major edge. Investor Hunt makes it easy to connect with investors in the Tourism sector, from angels who fund early-stage startups to venture firms managing large portfolios. Each profile includes details such as stage, industries of interest, location, and past investments, so you can see who is most aligned with your business. With premium access, you can unlock verified contact details and export features to build targeted {Market} investor lists and start pitching with confidence.

Start Your Free 3-Day Trial

How Investor Hunt Works

  • 1

    Search Investors

    Filter investors by stage, industry, geography, investor type, or past investments to find the most relevant ones for your startup.

  • 2

    Build Your Investor List

    Add investor profiles to your custom list and export them as CSV/XLSX files

  • 3

    Start Pitching

    Send personalized emails and start raising your round.

Frequently asked questions

  • The database contains over 110,000 angel investors, venture capital firms, micro VCs, investment partners, and private equity firms. It is updated regularly with new profiles and deal activity.

  • Free visitors can preview the database and browse investor profiles with limited access. This helps you explore the platform before starting a trial or subscribing.

  • The trial unlocks advanced filters and full investor profile data so you can search by industry, stage, location, and past investments. Contact details (email, phone, LinkedIn) and CSV/XLSX export features remain locked until you upgrade to premium.

  • Premium subscribers unlock complete access to Investor Hunt, including verified investor contact details (emails, phones, LinkedIn profiles), advanced filters, and the ability to export targeted investor lists to CSV or XLSX.

  • Yes. You can filter by industries such as fintech, healthtech, SaaS, AI, and more to find investors most relevant to your business.

  • Absolutely. You can filter investors by country, state, city, or investment stage (pre-seed, seed, Series A, and beyond) to focus your outreach.

  • Many profiles include past investments and portfolio companies, helping you understand the types of startups each investor has backed.

  • Yes. Verified contact details such as emails, phone numbers, and LinkedIn profiles are available to premium subscribers. Free users can preview investor profiles, but contact fields are redacted.

  • Yes. You can change or cancel your subscription at any time, and you’ll retain full access until the end of your billing period.