We’re pleased to announce that this week, yet another of our 2016 Startups, this time the legal and travel startup ClaimAir, has raised an angel investment round, totaling 140,000 Euros.

 Claimair helps travelers easily get flight and baggage compensation from airlines, averaging over 400 euros per claim. The round was led by notable angel investors including StartupYard mentors such as Philip Staehelin of Roland Berger, and Michal Kratochvil (now also CEO of SY Alum BudgetBakers). StartupYard also contributed follow-on financing to add to the total.

Congrats to @Claimair, raising 140,000 euros from an Angel group and @startupyard. Way to go team! Share on X

This latest news, following investments in several other, 2016 Startups, brings the total for investments in StartupYard startups in 2016 alone to nearly 3 million euros.

Claimair: Making Claims Seemless

The investment will enable ClaimAir to develop B2B focused technologies that will help partners such as booking engines and travel agencies serve their own customers better, and to expand its service globally, quickly ramping up the team to meet growing demand.

“The first time I spoke with Jakub, the CEO of ClaimAir, his pitch seemed almost too good to be true,” said angel investor Philip Staehelin of Roland Berger, “however, after a few meetings, it was his market knowledge, single-minded drive, intelligence and leadership qualities that made me into a believer, and eventually an investor. Jakub and his strong, dedicated team are quickly proving the market’s huge potential, and the group of angel investors is keen to help them rapidly scale up their business. ClaimAir offers a fantastic service that airline passengers love – their value proposition is easy to understand and simply a no-brainer for any one that flies.”

 

 

Room to Grow in a Multi-Billion Euro Market

Claimair, recently accelerated at StartupYard in Prague, has doubled its revenues since early 2016, and expanded its network of legal representatives and corporate partners around the world. They’ve has also been featured in the press, including Forbes and an interview on Czech Television.

The market in which the company operates is massive, and growing. About 8 million passengers fly every day, and more than 800,000 of them are affected by some kind of flight problem. However, less than 1% of those passengers actually get compensations owed according to European and other regulations, and many aren’t aware that compensation is even due. Claimair is working to make the claims process easier, and even in many cases, automatic.

“I am extremely happy that we have made our angel investment with such a great team of investors,” said ClaimAir founder and CEO Jakub Ladra, “It will help us to fulfil the main goal at ClaimAir, which is to develop a solution that allows people all over the world to get what airlines lawfully owe them, without any fuss. We have already helped hundreds of clients, but this is only the beginning. You may dread flight delays, but with us working for you, our hope is that we can bring a silver lining into the lives of millions of air passengers.”

Congratulations to the ClaimAir team! We knew you could do it!