Successful CMOs achieve growth by leveraging technology. Join us for GrowthBeat Summit on June 1-2 in Boston
, where we'll discuss how to merge creativity with technology to drive growth. Space is limited. Request your personal invitation here
Row44, a provider of internet connectivity for flight passengers, announced on Thursday it raised an additional $37 million in its second round of funding led by PAR Capital Management.
The investment comes as in-flight wireless has become a de facto standard for long-distance flights, with supergiants like Aircell — which provides the Gogo in-flight wireless service — competing for airlines and their customers. A report by Bloomberg Businessweek suggested that in-flight wireless revenue could reach as much as $100 million this year alone.
This brings up the total amount of funding for Row44 to $58 million, after an earlier $21 million fundraising round, again led by PAR capital. Additional investment came from Larry Kellner, president of Emerald Creek Group and former CEO of Continental Airlines — perhaps an indication of the airlines Row 44 may be courting to provide its wireless service.
Just about eight months earlier, rival Aircell raised a massive $176 million for the same purpose. Row 44 also competes with On Air and the Verizon Airfone for the same space.
VentureBeat’s VB Insight team is studying marketing analytics...
Chime in here, and we’ll share the results