TravelX receives backing from Kaszek, closes $45M Series A

Leading Latin American venture capital firm bets AI-powered dynamic inventory will redefine airlines’ post-booking revenue management

TravelX, an AI-native post-booking revenue management platform, has announced it has closed its Series A funding round after it raised $45 million USD (€ 38.7 million).

Kaszek, Latin America's leading venture capital firm, has made an undisclosed "substantial" investment, with participation from Thayer Ventures.

The investment - a first for Kaszek in the aviation technology space - is said to be "capable of transforming" airline inventory from a "static asset into dynamic, continuously optimised inventory".

This money will be used to accelerate product innovation, expand TravelX's AI platform, and strengthen its global commercial presence, in support the company's mission to become the intelligence layer powering the next generation of airline revenue management.

The firm has previously raised $10 million in a Series A funding round for its blockchain technology, which was led by BNM capital.

"Artificial intelligence is reshaping every major industry, and we are convinced aviation is another high-potential opportunity market to be redefined," said Nicolas Berman, partner at Kaszek. 

"TravelX isn't simply improving an existing process; its AI-native platform has the potential to fundamentally change how airlines monetize inventory, optimize their networks, and serve travellers. 

"We are excited to partner with the TravelX team as they build what we believe can become a defining technology company in global aviation."

Juan Pablo Lafosse, chief executive officer of TravelX, said: "For decades, airlines have optimized the moment a ticket is sold. We have proven there are huge untapped revenue opportunities that begin after the booking.

"Every day, millions of airline seats become more or less valuable as demand, operations, and customer circumstances evolve. 

"AI allows airlines to respond to those changes continuously, transforming static inventory into a dynamic commercial asset. We're proud that Kaszek shares this vision and excited to build the future of airline commerce together."