A travel technology software provider and consultancy working with airlines to enhance their digital retailing capabilities has secured £5 million investment.
Founded in 2013 and headquartered in London, Branchspace allows clients to create and manage personalised, data-driven digital commerce experiences.
It provides solutions across the entire tech stack including solutions architecture, digital performance reviews and UX/UI experience design, alongside a booking and conversion engine and retailing software platform called Triplake.
The £5m from Gresham House Ventures marks the first institutional investment into the company.
“With Gresham House Ventures’ support, we will be able to accelerate commercial opportunities for our airline partners by advancing the development and deployment of our modular Triplake dynamic retailing platform, delivering the best possible end to end experience for travellers and increasing speed to market with more pre-integrations,” said Michael Huynh, founder and managing director.
“We will also enhance our leading Triplake Control Hub further for airline teams to drive one-to-one propositions and experiment and optimise performance in real time.
“This investment marks a significant milestone in our growth journey, and we remain steadfast in our mission to break down barriers of legacy technology and thinking to bring innovation to the forefront of the industry.”
Benjamin Faulkner, associate director at Gresham House Ventures, said: “As we witness a strong resurgence in air travel post-pandemic, airlines are determined to meet the ever-changing demands of their customers.
“Branchspace’s solutions align perfectly with this industry-wide need and, with the successful launch of their Triplake product, have brought a step change in the technology tools available for retailing travel across the globe.
“Our investment in Branchspace underscores our commitment to supporting innovative businesses that empower industries through technology-driven solutions. The management team’s deep industry experience further bolsters our confidence in the company’s potential to revolutionise the airline sector’s online retail capabilities and we look forward to working with them to achieve this.”