Fetcherr Raises $12.5 Million for Airline Pricing Tech
Photo Credit: Azul Airlines is a customer of Fetcherr. Flickr / Luis Souza
Skift Take
All the startups that raised money want to help their clients, whether they're airlines, hotels, or suppliers, do away with manual tasks and automate.
Travel Startup Funding This Week
Each week we round up travel startups that have recently received or announced funding. Please email Travel Tech Reporter Justin Dawes at jd@skift.com if you have funding news.Two startups involved in the travel industry raised nearly $15 million this week.
>>Fetcherr, a platform that uses artificial intelligence to help airlines optimize pricing, has raised $12.5 million in pre-series B funding. It was led by Left Lane Capital and M-Fund.
The Israel-based startup said its platform can help any type of airline streamline the traditionally manual process of tracking competitor fares and adjusting prices in response. The product can track and adjust pricing automatically, and is meant to maximize revenues, the company said. It leverages air travel data from partnerships with ATPCO and Infare.
"Fetcherr's AI-based approach to pricing optimization and revenue management represents a critical disruption to the aging software that exists today, and we are excited by Fetcherr’s potential to uplift performance for par
