Sailogy nets $1.15 mln

Sailogy has raised $1.15 million in financing. Swiss Government Foundation AGIRE and Fabio Cannavale, executive chairman of BravoFly Rumbo Group, led the round. Based in Switzerland, Sailogy is a chartered boats provider.

PRESS RELEASE

Sailogy.com, the marketplace specialized in boats chartering, announces that it has closed$1,150,000 financing round. The deal has been led by the Swiss Government Foundation AGIRE and Mr. Fabio Cannavale, Executive Chairman of BravoFly Rumbo Group; existing shareholders of the Company also participated. The proceeds of $1,15 million will be invested in further increasing the fleet boost the conversation between customers and charter operators.
Sailogy’s mission is to make sailing easy and accessible to everybody. Through its disruptive website Sailogy is the first in the industry to encourage direct communication between local charter companies and global customers, with the goal to increase trust among the community.
In order to ensure maximum safety to customers Sailogy’s personnel visit directly every harbour and take pictures of the yachts. “The process is on-going”, says the Founder Mr. Manlio Accardo, “we’ve already photographed 65% of our fleet and we will use the fresh cash of this financing round to move even faster. Our data show that certified yachts not only sell faster but also perform better. We never had complaints from our customers over our certified fleet”. Since the inception of the company Sailogy’s personnel has covered more than 10,000 Miles by car to inspect yachts in their respective harbours.
The round of financing will be used to make Sailogy’s offer even stronger in 2014. “We couldn’t have found better investors”, concludes Manlio Accardo, “The AGIRE foundation manages funds coming directly from the Canon of Ticino Government in order to fuel the growth of start-ups. It is a very friendly investor who focuses on long term results. Mr. Cannavale of BravoFly Rumbo Group is a key addition to our board as well; he is already providing us with his successful vision of the online travel industry as well as helping us in developing very strong relationships and partnerships in the market”.
Sailogy SA — Corso San Gottardo 14, Chiasso, Switzerland — info@sailogy.com
About Agire Foundation: AGIRE, a public-private partnership established in 2011, fosters the innovation and entrepreneurship in Ticino, leading to an increase in economic competitiveness and the creation of high-skilled jobs. It focuses, on one side, on the support of existing companies, by encouraging the transfer of technology and knowledge with academic centres and, on the other side, on the support of new companies that develop innovative products targeting international markets.
About BravoFly: The Bravofly Rumbo Group
The Bravofly Rumbo Group is one of the leading online operators in Europe in the sectors of tourism and leisure.
Set up in 2004, the Bravofly Rumbo Group has continued to grow and is now the market leader in Spain and Italy, with a strong position in France and solid presence in 30 other countries, from Russia to South America.
Currently over 19 million people use its sites to choose and book flights, package holidays, hotel, car hire, cruises, train tickets, flash offers, restaurants and tourist guides in a quick, easy and convenient way.
The continuous technological research has enabled the Bravofly Rumbo Group to provide consumers with a more complete and wide range of products and services, integrating, into one system, state-of-the-art technology and the latest features.
The group today includes the sites of Bravofly.com, available in 15 languages, Rumbo.es, Viajar.com, Volagratis.com, Viaggiagratis.com, Viaggiare.it, Hotelyo.com, 2spaghi.it, Crocierissime.it, Bravocroisieres.fr, Vivigratis.it and Prezzibenzina.it.

Related Posts

Leave a Reply

PEHUB Community

Join the 12501 members of peHUB to make connections, share your opinion, and follow your favorite authors.

Join the Community

Look Who’s Tweeting

Psst! Got any hot tips?

  • This field is for validation purposes and should be left unchanged.

PE HUB News Briefs

RSS Feed Widget

Marketplace

VCJ Headlines (subscribers only)

RSS Feed Widget

Buyouts Headlines (subscribers only)

RSS Feed Widget

Reuters VC and PE feed

RSS Feed Widget