Boxever, a leading European provider of data science and omni-channel personalization solutions for airlines and travel companies, announced today that it has closed a Series B round of funding. The fresh capital follows a successful period for Boxever, which saw the company achieve 463% compound revenue growth and add a significant number of global travel brands to its customer base.
The recent funding came from current investors Polaris Partners, Frontline Ventures and others, with additional debt funding from Silicon Valley Bank. This brings the total investment in Boxever to $22 million.
Founded in 2011, Boxever continues to see rising demand for its technology and services. This latest investment will be used to support Boxever’s strategic growth initiatives, including expansion of sales and customer support efforts globally, and significantly increase hiring across product and engineering to enable continued innovation in the Boxever Platform.
Boxever’s Customer Intelligence Cloud is relied on by leading airlines and travel companies, such as Emirates, Air New Zealand, eDreams Odigeo and many others to accelerate digital transformation by putting the customer at the center of every decision. The Customer Intelligence Cloud enables travel marketers to build a 360 degree view of every customer and apply predictive analytics and machine learning to automatically create personalized, one-to-one marketing experiences that lead to higher conversion rates, increased revenue and truly differentiated customer experiences.
In the video below you’ll find more info about one of Boxever’s products. The Intelligent Cart Recovery: