About Plusgrade
Plusgrade is a company based in Tel Aviv (Israel) founded in 2018 was acquired by Plusgrade in February 2023. It operates as a SaaS (Software-as-a-Service), and Managed Services. Plusgrade offers products and services including Premium Upgrade, StayExtend, StayPlus, Loyalty Currency Retailing, and Loyalty Platform Partnerships. Plusgrade operates in a competitive market with competitors including Duetto, IDeaS, Room Price Genie, Pruvo and BeSafe Suite, among others.
- Headquarter Tel Aviv, Israel
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Sectors
Travel & Hospitality
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Plusgrade Inc.
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Products & Services of Plusgrade
Plusgrade offers a comprehensive portfolio of products and services, including Premium Upgrade, StayExtend, StayPlus, Loyalty Currency Retailing, and Loyalty Platform Partnerships. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Premium room upgrades are offered for enhanced guest experiences.
Flexible check-in and check-out options are provided for guests.
Personalized post-booking amenities are offered to boost hotel revenue.
Loyalty points buying and gifting options are provided to members.
Loyalty points exchange across programs is facilitated for guests.
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Software Development Team
33 people
Leadership Team
17 people
Sales and Marketing
14 people
Product Management Team
11 people
Partner Team
9 people
Finance and Accounting
8 people
Senior Team
6 people
Human Resources and Administration
6 people
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Funding Insights of Plusgrade
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Plusgrade
Plusgrade has secured backing from 1 investor. Prominent investors backing the company include Plusgrade. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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SaaS revenue management solutions are offered to airlines for optimization.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Investments & Acquisitions by Plusgrade
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Plusgrade
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Plusgrade Comparisons
Competitors of Plusgrade
Plusgrade operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Duetto, IDeaS, Room Price Genie, Pruvo and BeSafe Suite, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cloud-based revenue management solutions are provided for the hospitality sector.
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| domain | founded_year | HQ Location |
Revenue management software and consulting for hospitality are provided.
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| domain | founded_year | HQ Location |
Web-based revenue management solutions for small hotels are provided.
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| domain | founded_year | HQ Location |
App-based platform to rebook hotels for travelers
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| domain | founded_year | HQ Location |
Web-based property management solutions are provided for hotel operations.
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| domain | founded_year | HQ Location |
AI-enabled revenue management and intelligence solutions are offered for hotels.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Plusgrade
Frequently Asked Questions about Plusgrade
When was Plusgrade founded?
Plusgrade was founded in 2018.
Where is Plusgrade located?
Plusgrade is headquartered in Tel Aviv, Israel.
What does Plusgrade do?
Comprehensive hospitality solutions are delivered by Plusgrade to elevate guest satisfaction and drive ancillary revenue for hotels. Operations are digitized and automated through a platform that integrates seamlessly with property management systems. Services are extended across industries like air, cruise, rail, and loyalty programs. Upselling solutions such as premium room upgrades, flexible stay options, and personalized amenities are offered. Additionally, loyalty solutions are provided to manage points and partnerships, ensuring a competitive edge through data-driven strategies in the global hospitality sector.
Who are the top competitors of Plusgrade?
Plusgrade's top competitors include Duetto, IDeaS and Room Price Genie.
What products or services does Plusgrade offer?
Plusgrade offers Premium Upgrade, StayExtend, StayPlus, Loyalty Currency Retailing, and Loyalty Platform Partnerships.
Who are Plusgrade's investors?
Plusgrade has 1 investor. Key investors include Plusgrade.
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