Fetcherr co-founder and CEO – company pic
Fetcherr, the Israeli startup transforming the travel industry with its AI-powered pricing and inventory control engine for airlines, has secured a whopping $90 million in Series B funding. This significant investment, led by Battery Ventures with participation from existing investors, fuels Fetcherr’s growth trajectory and empowers them to expand their team.
This Series B round marks a major milestone for Fetcherr, following their impressive pre-Series B round of $12.5 million just over a year ago and a $7 million Series A funding in 2022. The company’s recognition as a PhocusWire Hot 25 Travel Startup for 2023 further validates their innovative approach.
Roy Cohen, co-founder and CEO of Fetcherr, expressed his enthusiasm about the collaboration with Battery Ventures: “We are thrilled to welcome Battery Ventures as our strategic partner. This collaboration underscores our shared commitment to innovation and growth.” He acknowledged Battery Ventures’ strong track record in the airline industry, specifically mentioning their past investments in ITA Software and Sabre. “Their experience positions them perfectly to propel Fetcherr into an exciting new chapter,” Cohen added.
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Battery Ventures’ Scott Tobin, who will be joining the Fetcherr board, echoed this sentiment. “Our previous investments gave us a front-row seat to the revolutionary changes in the airline industry. We were impressed by the innovation Fetcherr brings to the table,” Tobin remarked. He highlighted Fetcherr’s focus on delivering tangible results for airlines and expressed Battery Ventures’ delight in being part of the company’s success story.
Ziv Gafni, Fetcherr’s president and general manager of new markets, revealed the company’s plans to leverage their technology beyond airlines. By capitalizing on their expertise in market dynamics, demand forecasting, and trend analysis, Fetcherr aims to empower businesses in new sectors to make smarter decisions in the coming year.
Founded in 2022 by cybersecurity veterans, Fetcherr boasts a team with deep expertise in AI and data analysis. Their mission is to revolutionize the travel industry by providing airlines with intelligent tools to optimize pricing and inventory management.
