Tech startup Seatfrog raises $8mn through Series A funding

By Galia Ilan

The Australian technology startup, Seatfrog, has raised AUS$8mn (US$5.91mn) from its Series A funding round.

The venture capital company behind Secret Escape and Zoopla Property, Octopus Ventures, led to the financing.

Luke Hakes, a Partner at the firm, and Simon Hickey, the former CEO of Qantas Airlines, will join the firm’s advisory board as part of the senior hiring plan following the round.

The funding will also be used to further growth and expand product capabilities.

SEE ALSO:

“We are thrilled to be leading the funding round and to be joining the board of a Seatfrog, which we feel has the opportunity to make a fundamental difference to the way consumers approach the challenges of travelling,” said Luke Hakes, Octopus Ventures Partner.

“Having seen the impact of dynamic revenue management systems within hotels and airlines, we feel there is a very interesting opportunity in applying this approach to the multi-billion dollar train travel industry.

“Seatfrog is exactly the kind of forward-thinking technology with a powerful brand, that we want to invest in.”

“Octopus Ventures looks forward to being part of Seatfrog’s journey and playing a role in supporting the team and taking the business to new heights across many geographies.”

Share

Featured Articles

Twitter timeline – how Musk pulled off a hostile takeover

Elon Musk strikes deal to buy Twitter for US$44bn following four months of cryptic tweets, secret meetings and buying of shares – here’s the timeline

Top 10 Asia restaurants, from Tokyo’s Den to Bangkok’s Sorn

From Tokyo to Bangkok, with cuisines spanning Cantonese, Thai and German, we highlight Asia’s top 10 places to eat, as per Asia’s 50 Best Restaurants

Microsoft: what Asia leaders need to know about hybrid work

Microsoft’s 2022 Work Trend Index guides Asia leaders to navigating a hybrid future – from making the office worth the commute to rebuilding social capital

Meet the company: EV Nio to list in Hong Kong, enter Europe

Leadership & Strategy

12 Tech trends to watch closely in 2022, from CB Insights

Technology

Why Deloitte Australia’s HR technology is winning awards

Human Capital