Pre-Series A funding of USD $1 million was raised by Airnguru, a Santiago, Chile-based company that offers pricing intelligence and execution, fare administration, and price automation solutions for airlines.
A group of angel investors made up of business owners, family offices, board members, and senior executives participated in the round.
By the last quarter of 2024, the company hopes to reach operating break-even and grow its clientele.
Established in 2015 and headed by CEO Sergio Mendoza, Airnguru offers fare management, pricing automation, pricing intelligence and execution, and SaaS (software-as-a-service) solutions to some of the biggest airlines globally.
Its adjustable pricing workflow ensures a unified and effective pricing strategy by streamlining and automating operations from start to finish. A cloud-native tech stack that includes Big Data, automation, machine learning, A/B testing, simulation, and optimization forms the foundation of its value proposition.
Global carriers like British Airways (IAG) and Qatar Airways, as well as a number of other airlines like Avianca, Copa Airlines, LOT Polish Airlines, Finnair, and SKY Airline, use its solutions.
