Yieldin, a specialist in airline revenue management, has landed an undisclosed investment from Team ABC.
The Ireland-based venture firm, has acquired 20% of Yieldin and the plan is to use the funds to enter new markets, with a focus on Latin America.
Yieldin, which is headquartered in France and launched in 2019, has a suite of revenue management products, covering core and ancillary revenue, called Visium.
The company works with airlines in Europe and has begun development in Africa.
Team ABC's partners have experience of working with airlines including LEVEL, Tiger Airways and Viva Air.
The company describes itself as a new international fund which “supports and scales early-stage disruptive technology companies focused on increasing the sustainability and digital transformation of air, land and sea trade and travel.”
Noell Aurelius, partner at Team ABC, says: “The Yieldin team has proven that it can not just survive, but also scale its successful business model during a challenging period like the COVID-19 pandemic.
He adds that Team ABC will help strengthen marketing, finance, and recruitment for Yieldin.