While COVID-19 has altered the way teams meet and work, the corporate travel sector presents an intriguing potential. As the travel industry has recovered, there has been an increase in demand from meeting planners and corporate customers looking for help arranging flights for team offsites, meetings, and incentive trips.
AllFly, a travel technology firm based in Orlando, Florida, has raised $2.4M in funding.
The round was led by Lightbank, a US-based VC firm with participation from Corazon Capital. Bill Pescatello of Lightbank joined the AllFly board.
The funds will be used to extend the company’s product offerings in the corporate meetings and events area, with a series of feature updates set to be released this summer.
AllFly was formed by a group of travel industry experts, including CEO Eric Peterson, COO Kenny Totten, and CPO Ameer Bacchus.
Peterson, who has over twenty years of experience in the group travel business, identified the need to simplify the process of obtaining and managing group contracts from airlines. “For millions of group customers, buying and managing group air travel is really hard. Whether it’s waiting on the phone for a group quote from the airlines or having a company of 70 people book individual flights to Cancun, there is so much of the process that happens offline,” he said.
The travel tech startup strives to simplify and streamline the group and event travel arena by providing a suite of solutions to assist tour operators, meeting planners, and corporations in planning, booking, and managing group travel. Formerly known as Bacarai, in November 2022, the company rebranded and launched the AllFly Marketplace, which allows group travel planners to search and book airline group contracts online.
The startup has already completed the SAP Concur Accelerator as well as the Plug & Play Accelerator. Bill Pescatello of Lightbank has joined the AllFly board of directors.
