Volantio Raises $6 Million in Series A  

by Kay Aloha Villamor in October 10th, 2022

Volantio, an Atlanta-based travel technology software focused on revenue and capacity optimization for airlines., announced that it has completed $6 million in Series A funding.

The round was led by DiamondStream Partners, an aviation and aerospace venture capital firm, with participation from Alaska Airlines and follow-on investments from JetBlue Ventures, IAG, Amadeus Ventures, and Ingleside Investors.

The company plans to use the capital to scale its global team and invest in product development rapidly.

"Volantio's technology represents a revolutionary ability to maximize our clients' revenue while also benefiting their end consumers: the ultimate win-win," said Azim Barodawala, Volantio's co-founder and CEO. "We appreciate the belief our clients and investors have shown in our market-leading platform, and we are excited to deploy this capital to further scale our transformative solution globally in the years to come."

Volantio's market-leading platform "GreenLeaf" uses machine learning to address optimization challenges for fixed-capacity industries, which today represent over $5.7 trillion in revenue globally. One strong use case for this type of technology lies within the aviation industry: GreenLeaf shifts demand from flights close to selling out to others with more space available, increasing revenue, lifting asset utilization, and improving the experience for both customers and front-line airline staff.

The company has more than tripled its customers in the last two years and has recently expanded into the live events industry through a first-of-its-kind partnership with Disney Theatrical Group.

Company: Volantio, Inc.

Raised: $6.0M

Round: Series A

Funding Month: September 2022

Lead Investors: DiamondStream Partners

Additional Investors: Alaska Airlines and follow-on investments from JetBlue Ventures, IAG, Amadeus Ventures, and Ingleside Investors

Company Website: https://www.volantio.com/

Software Category: Revenue and Operations Optimization Software 

About the Company: ​Founded in 2014 by Azim Barodawala and Fenn Bailey, Volantio is a tech startup that seeks to revolutionize fixed-capacity industries through innovative tools to drive revenue, operational efficiency, and digital shopping conversion. Volantio is a developer of post-booking revenue and capacity optimization software designed to increase asset utilization and customer experience for airlines worldwide. The company's software is automated, mobile-based, and guided by machine learning and targets at-risk flights while allowing airlines to dynamically re-accommodate passengers in several situations, enabling airline operators to increase yield, decrease operational costs and inject control and predictability back into the travel journey. The company's Greenleaf platform enables businesses to generate incremental revenue and reduce operating costs while putting greater predictability and control back into the hands of their customers. Volantio partners with major airlines and entertainment brands globally, such as Disney Theatrical Group, Qantas, Iberia, Alaska, Malaysia Airlines, Vistara, IndiGo, Volaris, and others. Volantio headquarters are in Atlanta, GA, with a global team based in the US, the Netherlands, Australia, India, and the Philippines. 

Source: https://www.volantio.com/blog/series-a

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