Plusgrade

New York, United States Founded: 2009 • Age: 17 yrs
SaaS revenue management solutions are offered to airlines for optimization.
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About Plusgrade

Plusgrade is a company based in New York (United States) founded in 2009.. Plusgrade has raised $150.67 million across 4 funding rounds from investors including NovaCap, General Atlantic and Caisse de depot et placement du Quebec. Plusgrade has completed 3 acquisitions, including Oaky, Plusgrade and Points. Plusgrade operates in a competitive market with competitors including R1 RCM, Infinx, LOGEX, AKASA and RateGain, among others.

  • Headquarter New York, United States
  • Stage Minicorn
  • Sectors
    Technology
  • Email
    ***********
  • Phone
    *********
  • Website
    *********
  • Social
    *********
  • Legal Name Plusgrade Lp
Operational Areas
Technology → Aviation & Specialized Tech Systems
Technology → Marketing, Adtech & Commerce Technology
Key Metrics
  • Annual Revenue
  • Net Profit
  • EBITDA
  • Total Equity Funding
    $150.67 M (USD)

    in 4 rounds

  • Latest Funding Round
  • Investors
    NovaCap

    & 3 more

  • Employee Count
    Employee Count
  • Investments & Acquisitions
    Oaky

    & 2 more

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People of Plusgrade
Headcount
Employee Profiles 130
Employee Profiles
People
Manisha Patil
Financial Controller
People
Quan Nguyen
Senior Software Developer
People
Virginie Séguin-Dalpé
Director Corporate Development
People
Kama Sasson
Director Of Partner Operations

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Funding Insights of Plusgrade

Plusgrade has successfully raised a total of $150.67M across 4 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.

  • Total Funding
  • Total Rounds 4
  • Last Round
  • First Round
  • Investors Count 4
Date Amount Transaction Name Valuation Lead Investors Investors
Mar, 2024 Amount Series B - Plusgrade Valuation General Atlantic
Sep, 2021 Amount Series B - Plusgrade Valuation

investors

Nov, 2018 Amount Series B - Plusgrade Valuation

investors

Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Jan, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Investors in Plusgrade

Plusgrade has secured backing from 4 investors, including venture fund investors. Prominent investors backing the company include NovaCap, General Atlantic and Caisse de depot et placement du Quebec. 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.

All
Venture Fund
Investor Description Founded Year Domain Location
Private equity fund focused on global markets
Founded Year Domain Location
Acquisitions are targeted by Novacap, a private equity firm.
Founded Year Domain Location
Investment strategies are provided across diverse asset classes and markets.
Founded Year Domain Location
Investor Description Founded Year Domain Location
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
Founded Year Domain Location
Startup ecosystems are ignited through strategic investments by Signite Partners.
Founded Year Domain Location
Venture capital is directed toward companies in multiple sectors.
Founded Year Domain Location
Venture capital is invested in cybersecurity, fintech, and AI startups.
Founded Year Domain Location

Investments & Acquisitions by Plusgrade

Plusgrade has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include Oaky, Plusgrade and Points. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.

Investments
Company Name Description Domain Location Founded Year Amount
Bionic investment advisor platform
2016
Fine Asian gourmet food is offered by an internet-first restaurant.
2016
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
2014
Fine Asian gourmet food is offered by an internet-first restaurant.
2016
Acquisitions
Company Name Description Domain Location Founded Year Amount
Hospitality solutions are provided to enhance guest experiences and revenue.
2018
SaaS upselling solutions are provided for hospitality reservations.
2013
Rewards sourcing network
2000
Company Name Description Domain Location Founded Year Amount
OVO is recognized as a smart digital payment application.
2017
Bionic investment advisor platform
2016
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
2014
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
2014

Financial Statements - Plusgrade

Tata Steel revenue growth over time
Tata Steel profit and loss trends over time
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Jan, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Plusgrade Comparisons

Employees
+
Add Comparison
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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 R1 RCM, Infinx, LOGEX, AKASA and RateGain, 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
End-to-end revenue cycle management is provided for healthcare organizations.
domain founded_year HQ Location
Revenue cycle management platform for healthcare is provided.
domain founded_year HQ Location
Healthcare financial management solutions are developed for institutions and physicians.
domain founded_year HQ Location
Revenue cycle automation platforms are provided for healthcare reimbursement.
domain founded_year HQ Location
SaaS solutions for hospitality revenue and operations management are delivered.
domain founded_year HQ Location
AI-based platform for physicians and payers to analyze denial management
Company Name Domain Founded year HQ Location Description
domain founded_year HQ Location
Multiple services are booked via an app-based platform.
domain founded_year HQ Location
On-demand services are booked through an app-based platform.
domain founded_year HQ Location
App based platform offering on demand delivery and ride-hailing services
domain founded_year HQ Location
Operates an on-demand hyperlocal delivery app for food and groceries.

Latest news on Plusgrade

Frequently Asked Questions about Plusgrade

When was Plusgrade founded?

Plusgrade was founded in 2009 and raised its 1st funding round 6 years after it was founded.

Where is Plusgrade located?

Plusgrade is headquartered in New York, United States. It is registered at New York, New York, United States.

Is Plusgrade a funded company?

Plusgrade is a funded company, having raised a total of $150.67M across 4 funding rounds to date. The company's 1st funding round was a Series B of $150.67M, raised on Aug 01, 2015.

What does Plusgrade do?

Plusgrade was founded in 2009 and is headquartered in New York, United States. A SaaS platform is provided for the airline industry, where revenue management is facilitated through merchandising, ancillary revenue generation, and upselling mechanisms. A bidding system for seat upgrades is also integrated to support these operations. The focus remains on enhancing airline profitability via digital tools.

Who are the top competitors of Plusgrade?

Plusgrade's top competitors include R1 RCM, AKASA and Volantio.

How many acquisitions has Plusgrade made?

Plusgrade has made 3 acquisitions, including Oaky, Plusgrade, and Points.

Who are Plusgrade's investors?

Plusgrade has 4 investors. Key investors include NovaCap, General Atlantic, Caisse de depot et placement du Quebec, and TA Associates.

What is Plusgrade's valuation?

The valuation of Plusgrade is $486M as of Nov 2018.

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