AllFly, an Orlando, Florida-based innovative travel technology startup that helps tour operators, meeting planners, and businesses book airfare for team meetings and group events, announced that it secured $2.4 million in funding.
The round was led by Lightbank, with participation from Corazon Capital. Bill Pescatello of Lightbank joined the AllFly board.
The funds will be used to expand AllFly's product offerings in the corporate meetings and events space, with an exciting slate of feature updates to drop this summer.
The company aims to simplify and streamline the group and event travel space by offering a suite of products designed to help tour operators, meeting planners, and businesses plan, book, and manage group travel.
"For millions of group customers, buying and managing group air travel is really hard. Whether it's waiting on the phone for a group quote from the airlines or having a company of 70 people book individual flights to Cancun, there is so much of the process that happens offline," said Eric Peterson, co-founder & CEO at AllFly.
With this new round of funding, AllFly is well-positioned to transform the way businesses and organizations manage group travel, ultimately making the process simpler, more efficient, and more enjoyable for all involved.
Company: Bacarai, Inc.
Raised: $2.4M
Round: Unknown
Funding Month: March 2023
Lead Investors: Lightbank
Additional Investors: Corazon Capital
Company Website: https://allfly.io/
Software Category: Travel Planning Solutions
About the Company: Founded by a team of travel industry veterans, including Eric Peterson, Kenny Totten, and Ameer Bacchus, AllFly is a travel technology startup based in Orlando, Florida, focused on simplifying and streamlining the group and event travel space. AllFly provides a group travel platform that makes it easy for tour operators, meeting planners, and companies to manage airfare. In November, the company went through a rebranding and was previously known as Bacarai. In the fall of 2022, AllFly launched the AllFly Marketplace, which allows group travel planners to search for and book airline group contracts online. The company has previously completed both the Plug and Play and SAP Concur Accelerators.
Source: https://www.prnewswire.com/news-releases/allfly-raises-2-4-million-to-revolutionize-group-and-event-travel-301783446.html