Skip to content
FinTech Seed Founded 2021

TravelX

TravelX develops a post-booking revenue management solution for airlines that uses machine learning to maximize revenue on high-demand flights by identifying seats with high probability of achieving 100% load factors and generating personalized, dynamic seat buyback and flight swap offers to lower-yielding passengers. The company's RmX platform analyzes an airline's network in real-time to estimate flight…

📍 Miami, United States · Non Fungible Tokens,

Funding snapshot

Last roundSeed
Amount$10M
Date26 April 2022
Total raised$10M
Team size89

About

TravelX develops a post-booking revenue management solution for airlines that uses machine learning to maximize revenue on high-demand flights by identifying seats with high probability of achieving 100% load factors and generating personalized, dynamic seat buyback and flight swap offers to lower-yielding passengers. The company's RmX platform analyzes an airline's network in real-time to estimate flight revenue-generating potential and determine passenger willingness to change, then sends targeted buyback or swap offers through a predictive notification engine that determines which passengers receive offers, when to send messages, messaging content, delivery channel, and offer details. Passengers transact through a fully branded, customizable white-label solution designed to maximize conversion rate, and the platform seamlessly synchronizes reservations in the airline PSS, automatically issuing compensation using the airline's credit or voucher system while airlines resell repurchased seats to higher-yield passengers through regular sales channels. TravelX also offers a P2P solution enabling passengers to resell, transfer, or gift tickets within a secure, airline-approved framework. The platform delivers 4 to 6 repurchased and resold seats per managed flight, 2 to 3% incremental capacity, and 4 to 6% incremental revenue per managed flight, deployable in under 8 weeks. TravelX is ISO 27001 certified and serves airlines including Volaris, Flybondi, and Viva Aerobus. Founded in 2021 and headquartered in Miami, United States, TravelX has raised approximately $10 million at the Seed stage from investors including Borderless Capital, Algorand, Draper Cygnus, Myelin, Monday Capital, and Smart GVI.

Business model

Blockchain Infrastructure > Blockchain Network,

Online Travel > Technology Enablers > Distribution Networks > Horizontal

Founders & team highlights

Founder with Prior Acquisition,

Serial Founder

Institutional investors

Borderless Capital Algorand Draper Cygnus Myelin Monday Capital Smart GVI

Latest coverage

No articles yet.

Raising like TravelX?

Analyze your pitch deck before your next raise.

Analyze My Deck →