Plusgrade

Provides upgrade solutions for travel companies

New York City, New York, United States

About Plusgrade

Plusgrade specializes in providing upgrade solutions for the travel industry, focusing on helping airlines, cruise lines, and other travel service providers increase their revenue through ancillary services. Their platform allows these companies to offer customers the option to upgrade their seats or cabins for an additional fee, either through bidding or fixed pricing. Plusgrade stands out from competitors by integrating seamlessly with existing systems of travel companies, making it easier for them to implement these upgrade options. The company's goal is to enhance customer satisfaction while generating high-margin revenue for their partners, and they have been recognized as a market leader in this space, receiving awards such as the Deloitte Technology Leadership award.

New York City, New YorkHeadquarters
2009Year Founded
$151.5MTotal Funding
GRANTCompany Stage
Enterprise Software, Consumer GoodsIndustries
501-1,000Employees

Benefits

401(k) Company Match
Health Insurance
Unlimited Paid Time Off
Home Office Stipend
Remote Work Options
Parental Leave
Wellness Program

Risks

Emerging tech companies could erode Plusgrade's market share.
Airlines developing in-house solutions may reduce demand for Plusgrade.
Economic downturns can significantly impact Plusgrade's revenue streams.

Differentiation

Plusgrade offers a proprietary SaaS platform for travel upgrade solutions.
The company partners with major airlines like airBaltic and Garuda Indonesia.
Plusgrade's 'Subscribe to Miles' service innovates loyalty programs in the travel industry.

Upsides

Partnerships with airlines enhance customer experience and boost revenue.
Subscription-based loyalty programs are gaining traction in the travel industry.
Flexible bidding systems for upgrades offer passengers more control over travel.

Funding

Total raised$151.45 M
Latest valuation$451.50 M
StageGRANT
GRANT
10/31/2022
$5
$150
$451.50 M