TX Ventures and Solano Partners supported Octopus on the funding round.
The capital will be deployed to develop Swiipr’s strategy, product and technology, including investment into R&D, AI and data analytics and to drive international airline market growth.
Tara Spielhagen, Co-founder and CEO at Swiipr, says: “Legacy compensation systems are unfit for purpose. Not only do they cost an airline billions of dollars every year but they also exacerbate disruption and stress.”
“It doesn’t need to be this way in a digital age, and we are proud to have developed a new solution that solves so many pain points. Our airline partners and their customers are already reaping the benefits.”
Co-founder and Chairman at Swiipr, Ian Clowes, says: “Swiipr solves a real live global issue for airlines which is only going to become more challenging with climate change.”
“Now, thanks to Octopus, our Series A capital will enable us to enhance our solutions even further and…
