Boxever Secures $6 Million in New Funding Led by Polaris Partners
Boxever, the leading big data and personalisation platform for airlines and travel operators, has been selected by Tigerair, a global brand and leading low-cost carrier, to customize how they sell flights and other travel services to their guests, increasing conversion rates and enhancing the customer experience. The company also announced a $6 million investment led by Polaris Partners, with Dublin firm Frontline Ventures also participating to further expand their rapidly growing business.
“Being selected by Tigerair is an incredible validation of what we’re doing at Boxever. Their focus on customer centricity is completely aligned with our vision. Airlines have access to vast amounts of untapped structured and unstructured information about their guests and very few are using this effectively,” said Dave O ‘Flanagan, Boxever’s CEO. “ Furthermore, we are delighted to have Polaris Partners as an investor. Their expertise and strategic input will be invaluable as we grow, and the funding enables us to accelerate our growth plans and drive our product strategy so that we can capitalize on the huge opportunity in travel”.
Headquartered in Dublin, Ireland Boxever has hired over 20 people in the last six months and expects to double their employees in the coming year. Boxever has won a number of other global travel brand accounts in recent months, where their deep travel expertise and agile analytics platform allow them to deliver immediate value to their customer’s businesses.
Commenting on today’s announcement, Noel Ruane, European Venture Partner with Polaris Partners said: “We are delighted to join the Boxever team and help them accelerate their global growth plans. Their deep travel domain expertise coupled with their outstanding engineering and data science capabilities is solving a huge unmet need in a $3.4 trillion industry.”
Storyful Sold to News Corps for $25 million
Storyful was founded by Mark Little in 2010 and was located in the National College of Ireland Business Incubation Centre up until 2013. Storyful has been building and refining the first truly social newsroom. They perfected their technique, tools and services in partnership with some of the biggest news brands in the world, including ABC News, Reuters and the New York Times, and social platforms such as YouTube.
Storyful was acquired by News Corp in December 2013 and its management team of Chief Executive Officer Mark Little and Executive Editor David Clinch will continue to oversee the company’s operations. Rahul Chopra, Senior Vice President of Video for News Corp, will join the Storyful management team, taking on the additional role of Chief Revenue Officer. Mr. Little will report to David Brinker, News Corp Senior Vice President and Global Head of Business & Corporate Development.