Latest News
HomeAviationAirnguru secures $1 million investment to help airlines boost profits
Technology

Airnguru secures $1 million investment to help airlines boost profits

Sergio Mendoza
Sergio Mendoza, CEO and Co-Founder of Airnguru.

The Chilean tech provider aims to acquire new airline clients and achieve operational break-even by the last quarter of 2024.

SANTIAGO, CHILE – Airnguru, a leading provider of pricing intelligence and execution, fare management, and price automation solutions for airlines, 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.

Co-Founder & Chief Editor - TravelDailyNews Media Network | Website | + Posts

Vicky is the co-founder of TravelDailyNews Media Network where she is the Editor-in Chief. She is also responsible for the daily operation and the financial policy. She holds a Bachelor's degree in Tourism Business Administration from the Technical University of Athens and a Master in Business Administration (MBA) from the University of Wales.

She has many years of both academic and industrial experience within the travel industry. She has written/edited numerous articles in various tourism magazines.

Tags
22/05/2024
21/05/2024
20/05/2024
17/05/2024
16/05/2024