Plusgrade

Plusgrade

Provides upgrade solutions for travel companies

About

Plusgrade specializes in providing upgrade solutions for the travel industry, focusing on helping airlines, cruise lines, and other travel service providers generate additional revenue through ancillary services. Their platform integrates with existing systems of travel companies, allowing customers to bid or pay a fixed price for upgrades to seats, cabins, or other travel experiences. This approach not only boosts revenue for travel companies but also enhances customer satisfaction by offering more options for a better travel experience. Plusgrade stands out in a competitive market due to its established reputation as a leader, recognized with awards like the Deloitte Technology Leadership award. The company's goal is to continue helping travel companies maximize their revenue while improving the overall customer experience.

Company Stage

Grant

Employees

501-1,000

Industries

Enterprise Software, Consumer Goods

Total Funding

$151.5M

Headquarters

New York City, New York

Founded

2009


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Simplify's Take

What believers are saying

  • 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.

What critics are saying

  • 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.

What makes Plusgrade unique

  • 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.

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Growth & Insights
Headcount

6 month growth

39%

1 year growth

39%

2 year growth

39%

Benefits

401(k) Company Match

Health Insurance

Unlimited Paid Time Off

Home Office Stipend

Remote Work Options

Parental Leave

Wellness Program

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