AXA invests in airfare forecaster Flyr in Europe
Flyr, the San Francsico-based airfare forecasting startup, is expanding to Europe in early 2015, thanks to a $500,000 equity investment from Axa Seed Factory.
Their joint venture will be called Flyr International and will be based in Paris.
Flyr, which has 15 employees, forecasts changes in the price and availability of tickets for individual flights.
It enables large players, such as travel intermediaries, insurance companies, and credit card companies, to create and sell fare-protection products with its technology.