Friday 22 November 2019

Software firm Boxever buoyed by €4m funding for expansion

Investor: Tigerair
Investor: Tigerair

Roisin Burke

Rapidly growing Irish software company Boxever has raised €4m in fresh funding to expand.

The fresh finance is led by Polaris Partners with Frontline Ventures, where aviation figure Declan Ryan is a backer.

It brings to almost €5m the investment behind the analytics company, which helps airlines and travel company clients analyse their customer data and use it to deliver deals and offerings to them more effectively.

It has also secured leading Asian airline Tigerair as a customer.

Previous finance came from early stage specialists Delta Partners and angel investor Bloom Equity.

Serial early stage tech investor Conor Stanley, who also works with Bloom, is believed to be a direct investor in Boxever. Stanley has also backed fast growing Irish startups Intercom, Phorest and BalconyTV.

Boxever, which earlier this year announced it was recruiting 100 people, was founded two years ago by former Datalex head of development Dave O'Flanagan and Alan Giles and Dermot O'Connor, who also come from the international travel software company. Delta, Bloom and Enterprise Ireland last year backed Boxever with €800,000 in growth and expansion funding.

Headquartered in Dublin, the company also has an office in Norway.

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