SeatBoost, a Los Angeles, CA-based travel technology startup, received an investment from Airlines Group, through its corporate venture capital arm.
The amount of the deal was not disclosed.
The company intends to use the funds to expand its capabilities and further improve the travel experience for passengers around the world.
Led by CEO Kevin Stamler, SeatBoost provides a platform that facilitates live auctions on mobile in the airport environment, offering passengers the chance to bid for premium seat inventory made available by the airlines. The platform generates incremental non-dilutive revenue on seat inventory that would otherwise spoil.
Current partners include IAG portfolio brand Iberia, TAP Air Portugal, Condor, Avianca and LATAM.
FinSMEs
23/09/2024