About Wenrix
Wenrix is a company based in Tel Aviv (Israel) founded in 2017 by Tor Leelo, Armon Avrahamy, and Amir Balaish.. Wenrix has raised $17.7 million across 2 funding rounds from investors including Thelma Travel and Tourism, Insight Partners and Anna Partners. Wenrix offers products and services including AI Airfare Optimization Suite. Wenrix operates in a competitive market with competitors including R1 RCM, LOGEX, AKASA, RateGain and XSOLIS, among others.
- Headquarter Tel Aviv, Israel
- Founders Tor Leelo, Armon Avrahamy, Amir Balaish
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Sectors
TechnologyTravel & Hospitality
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Email
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Phone
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Website
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Social
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- Legal Name Wenrix Ltd
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$17.7 M (USD)
in 2 rounds
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Latest Funding Round
$15 M (USD), Series B
Jun 29, 2023
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Investors
Thelma Travel and Tourism
& 2 more
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Employee Count
Employee Count
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Products & Services of Wenrix
Wenrix offers a comprehensive portfolio of products and services, including AI Airfare Optimization Suite. 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.
Predicts fare changes and optimizes ticketing for travel businesses.
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Funding Insights of Wenrix
Wenrix has successfully raised a total of $17.7M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $15 million completed in June 2023. 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 Funding
- Total Rounds 2
- Last Round Series B — $15.0M
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First Round
First Round
(29 Dec 2019)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jun, 2023 | Amount | Series B - Wenrix | Valuation | Insight Partners |
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| Dec, 2019 | Amount | Seed - Wenrix | Valuation | Anna Partners , Thelma Travel and Tourism |
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| 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 Wenrix
Wenrix has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include Thelma Travel and Tourism, Insight Partners and Anna Partners. 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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Investment firm scaling software and technology companies from early to late stages.
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Travel agency operations and management services are offered.
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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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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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Founded Year | Domain | Location |
Investments & Acquisitions by Wenrix
| 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 - Wenrix
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Wenrix Comparisons
Competitors of Wenrix
Wenrix 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, LOGEX, AKASA, RateGain and XSOLIS, 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 |
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End-to-end revenue cycle management is provided for healthcare organizations.
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Healthcare financial management solutions are developed for institutions and physicians.
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| domain | founded_year | HQ Location |
Revenue cycle automation platforms are provided for healthcare reimbursement.
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| domain | founded_year | HQ Location |
SaaS solutions for hospitality revenue and operations management are delivered.
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| domain | founded_year | HQ Location |
AI-based platform for physicians and payers to analyze denial management
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| domain | founded_year | HQ Location |
SaaS revenue management solutions are offered to airlines for optimization.
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| Company Name | Domain | Founded year | HQ Location | Description |
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Multiple services are booked via an app-based platform.
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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 Wenrix
Frequently Asked Questions about Wenrix
When was Wenrix founded?
Wenrix was founded in 2017 and raised its 1st funding round 2 years after it was founded.
Where is Wenrix located?
Wenrix is headquartered in Tel Aviv, Israel.
Who is the current CEO of Wenrix?
Amir Balaish is the current CEO of Wenrix. They have also founded this company.
Is Wenrix a funded company?
Wenrix is a funded company, having raised a total of $17.7M across 2 funding rounds to date. The company's 1st funding round was a Seed of $2.7M, raised on Dec 29, 2019.
What does Wenrix do?
AI and web-based airfare and pricing analytics solutions for the aviation industry. The company provides an airfare optimization platform that optimizes airfare spend conversion rates. It also includes post-ticket price optimization and auto-refund of unused tickets.
What products or services does Wenrix offer?
Wenrix offers AI Airfare Optimization Suite.
Who are Wenrix's investors?
Wenrix has 3 investors. Key investors include Thelma Travel and Tourism, Insight Partners, and Anna Partners.
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