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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.
The Chilean tech provider aims to acquire new airline clients and achieve operational break-even by the last quarter of 2024.
The investment solidifies Airnguru’s position as a one-stop-shop for pricing intelligence, fare management, and price automation solutions.
Santiago, Chile, February 12, 2024 – 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.
EDITOR’S NOTES
About Airnguru
Founded by hands-on experts in airline Revenue Management, Data Science, and Big Data, Airnguru is a leading provider of best-in-class airline pricing technologies. Our solutions empower analysts to design, optimize, and execute pricing strategies, enhancing productivity, and boosting airline profits.
Airnguru takes a holistic approach to pricing processes, seamlessly integrating all teams and departments involved in pricing decisions. Through our highly configurable pricing workflow, we streamline and automate processes from inception to completion, ensuring a cohesive and efficient pricing strategy. Our unique value proposition is sustained by a cloud-native tech stack encompassing Big Data, automation, Machine Learning, A/B testing, simulation, and optimization.
Airnguru is the preferred choice for eight international airlines across three continents that benefit from our innovative technology and superior service, including two of the world’s largest carriers, Qatar Airways and British Airways (IAG). Our esteemed customer list also features Avianca, Copa Airlines, LOT Polish Airlines, Finnair, SKY Airline, and a significant partnership we will announce soon.
For more information about Airnguru and our transformative solutions, please visit www.airnguru.com.
Contacts
Roman Townsend, Managing Director, Belvera Partners - rtownsend@belverapartners.com
Balint Brunner, Account Manager, Belvera Partners - bbrunner@belverapartners.com