Airnguru secures $1 million investment to help airlines boost profits

Airnguru, specialising in pricing intelligence, fare management, and price automation for airlines, disclosed today that it has raised $1 million in pre-Series A funding.

This financial infusion is earmarked for enhancing the firm's pricing solutions within the aviation industry. Operating out of Chile, Airnguru has witnessed its annualised recurrent revenue increase significantly, more than doubling in the last year. The company is now keen on broadening its international client base for its primary pricing offerings and is set to reach operational break-even by the last quarter of 2024.

Since its inception in 2015, Airnguru's innovative solutions have been adopted by leading international airlines, including Qatar Airways and British Airways (IAG), and a growing number of pioneering carriers such as 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 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.