Fetcherr – a demand prediction and AI-native algorithmic pricing optimization solution – announced a $12.5 million Pre-Series B funding round led by Left Lane Capital and M-Fund. And following a $7 million Series A funding round, the company has raised a total of $31 million across equity and debt.
Fetcherr redefines the way airlines price flights by using AI to maximize profits while lowering costs. And this new funding round will enable Fetcherr to onboard additional airline partners, open a North American headquarters, and expand into other global markets.
Fetcherr’s airline partners have reported higher operating revenues since deploying their pricing technology. And this gives investors confidence that Fetcherr can deliver measurable impact across all aspects of operations despite the challenges facing the industry. Given the uncertainty in the VC market, this funding round also solidifies the company’s growth trajectory.
KEY QUOTES:
“The airline industry is broken and needs an overhaul of its current platforms. Fetcherr’s technology provides the best AI-based solutions for optimal revenue performance. We’re committed to making real-time high-frequency pricing a reality and this financing will ensure we reach these goals.”
— Roy Cohen, Co-Founder and CEO at Fetcherr
“Many of the largest global travel companies still rely on rudimentary infrastructure and manual or static processes for demand prediction, fare pricing, and subsequent revenue management decisions, all of which directly impact topline. We believe that Fetcherr’s novel, cloud-based system will play a critical role in disrupting traditional fares by simulating demand and optimizing prices through AI. We are honored to be part of Fetcherr’s journey to transform airline pricing, distribution, revenue management and beyond.”
— Harley Miller, CEO and Managing Partner at Left Lane Capital
“We doubled down on Fetcherr as we witnessed impressive results that have further bolstered our confidence in Fetcherr’s technology, growth trajectory, and ability to be a solution that is long overdue and much needed in the airline industry. We are thrilled to continue to play a role in Fetcherr’s evolution, and we trust that their innovative AI pricing system will be a catalyst for change not only for their partners but also for the entire industry.”
— Lior Elkan, Managing Partner at M-Fund, who also led Series A
