Airangel in funding deal for overseas growth
Register for free to receive latest news stories direct to your inboxRegister
Warrington-based Airangel, which provides guest WiFi to the hospitality sector, has secured a £1.7m funding package to support its international growth.
Airangel has recently opened an office in Dubai and says it is expanding rapidly across Europe, the Middle East, Africa and Asia.
Its software platform MyAirangel is used by hotel clients including IHG, Malmaison, Hotel du Vin, the Eden Project, Movenpick Hotels and Resorts and the company manages WiFi connections to over 100,000 hotel rooms or apartments in 27 countries, and has 18 million registered users.
MyAirangel is also used in private rental sector apartment buildings with large-scale deployments in several developments in London. The cloud-based platform enables guests to access fast WiFi connections, as well as giving hoteliers and property owners data insights.
The funding from Santander Growth Capital will enable Airangel to reach more overseas organisations, helping support the company’s ever growing demand.
Airangel, which employs around 40 staff, was set up by Mike Gardner, who is also chairman and founder of Claremont Group Interiors.
Dean Wilkinson, the company’s chief executive, said: “In the digital age, connectivity is central to the guest experience and a key factor in people’s choice of hotel. MyAirangel offers a high-quality solution and not surprisingly, is in growing demand from leading hotel chains and venues around the world.”
Philip Mason, director at Santander Growth Capital and Richard Hennity, relationship director at Santander Corporate, arranged the transaction.
Dow Schofield Watts transaction services advised Santander on the deal.