Boxever is looking to raise the fund for business growth

Published on : Tuesday, September 12, 2017

0c0f3ebBoxever, one of the best known Ireland based travel technology firm is looking to raise a further €6 million in private equity to bring total funding to date to more than €20 million.




Polaris Partners and Frontline Ventures, who have backed the company in its two previous funding rounds, are believed to have committed at about approximately €1.5 million for this follow-on investment.




Boxever had raised about $12 million (€10.6 million) in a Series B round in early 2016, having previously raised $6 million (€5.02 million) two years earlier.




Boxever is a Dublin-based on a big data and personalization platform for airlines and travel operators.




Boxever has announced that there are about 100 jobs after the last fundraising round that was founded in 2011 by Dave O’Flanagan, Alan Giles and Dermot O’Connor.




The Customer Intelligence Cloud of Boxever is relied on by leading national and international airlines and travel companies to increase the digital transformation by putting the customer at the centre of every decision.



Boxever has a number of well-known customers including Aer Lingus, Air New Zealand, Emirates and Alitalia. Cantor Fitzgerald is leading the funding round, with Boxever saying the additional finance will be used to bear the growth strategy of the company.




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