Seatfrog secures £6m from Pembroke, Praetura and Octopus Ventures to fund European expansion.
Pembroke, Praetura and Octopus Ventures led the funding round to support international growth and recruitment.
Seatfrog provides a mobile application that enables passengers to bid on empty first class seats on trains and flights. The platform helps transport operators monetise unoccupied inventory.
Rail ticketing platform Seatfrog has secured £6m in growth funding to accelerate its expansion across Europe. The investment round was led by Pembroke, Praetura and Octopus Ventures, with advisory support from finnCap's Private Growth Capital team.
The capital will be directed towards a fresh recruitment drive and meeting increasing demand from operators across European markets. The company has experienced strong growth, including 800% revenue growth in 2022 and surpassing one million customers.
Seatfrog plans to use the new funds to deploy its platform across international territories and expand its product offerings, building on partnerships with sixteen major train operators such as Trenitalia.
Use of funds
- 01Grow the team
- 02Expand into international markets
