Airnguru raises $1 million USD in pre-Series A funding to deliver best-in-class pricing solutions for airlines, helping them increase revenue and profits.
Airnguru – a leading provider of pricing intelligence and execution, fare management, and price automation solutions for airlines – today announced it has raised $1 million USD in pre-Series A funding to deliver best-in-class pricing solutions for airlines.
The Chilean-based technology provider – which has more than doubled its annualized recurrent revenue in the last 12 months – aims to build a robust, global customer base for its core pricing solutions, as well as achieve operational break-even by the last quarter of 2024.
Founded in 2015, Airnguru’s innovative solutions are trusted by leading global carriers Qatar Airways and British Airways (IAG), along with a growing roster of forward-thinking airlines including Avianca, Copa Airlines, LOT Polish Airlines, Finnair, and SKY Airline.
Sergio Mendoza, CEO and Co-Founder of Airnguru, said: “We’re delighted to have successfully completed a $1 million USD funding round, a testament to Airnguru’s commitment to helping airlines unleash their full potential to maximize profits, productivity, and innovation.
“This capital injection will further empower us to expand our client base and solidify our position as a one-stop-shop provider of pricing intelligence and execution, fare management, and price automation solutions to some of the world’s largest carriers.”
Airnguru’s best-in-class, cloud-native pricing solutions help airlines increase profits by optimizing their pricing strategies, thus boosting their productivity with high-frequency, 100% market coverage and enhanced insights. The company’s SaaS (software-as-a-service) solutions substantially reduce time-to-market via price automation, preventing price distribution errors and streamlining the pricing processes from inception to completion.
The new investment will not only fortify Airnguru’s existing offerings but also expedite the development of new transformative solutions, including its ABM Simulator for strategy optimization and a new suite for ancillary price optimization and management.
The successful funding round saw the participation of a group of angel investors formed by senior executives, board members, family offices, and entrepreneurs.
Picture Airnguru
Source Belvera Partners
