Kambr
, a specialist in airline revenue management technology, has closed $3 million in seed funding.
The investment has come from private equity investors and aviation industry veteran Michael Scheeringa.
The seed round brings Kambr’s total funding to $7 million following
an investment of $4 million
announced in September 2019.
Netherlands-based Kambr plans to use the funds to accelerate product development.
Scheeringa, co-founder of SAR Trilogy Management and former-CEO of Flight Options between 2004 and 2008, says: “A key differentiator of Kambr is the focus on total commercial optimization of a customer versus fare-based revenue management. The leadership team has the vision and practical experience to transform revenue management practices; and is providing airlines a powerful tool in the post-COVID-19 demand world.”
Kambr has also boosted its core team with the appointment of Sean Moriarty as chief technology officer.
Moriarty, who joins from Accelya-owned Revenue Management Systems, heads up Kambr’s development team.
Kambr says it has two further airline customers in the pipeline on top of the three it signed in the past year.