Skypicker, a flight metasearch startup, has received a $1 million (950,000 Euro) venture investment from Ondrej Tomek, the Czech digital entrepreneur, who takes a 10% stake in the company.
The funding comes after the news in January of a $500,000 investment by Touzimsky Airlines.
The latest round values the Czech startup at 250 million Czech koruna (9.18M Euro, or $9.73M). The Brno-based company, which has 30 employees, said:
"The investment will be used for the acceleration of the development efforts, particularly for the integration of “legacy” airlines database with our low-cost flight inventory."
It plans to provide search results that combine all the low-cost carriers with legacy carriers in complex itineraries. Currently it has deep inventory in Europe, but weak options elsewhere. Its plan is to add inventory from other airlines globally.
In the financial quarter through end of February 2015, Skypicker booked revenue of 4.11 million Euro (about $4.33 million). That was up 82% from revenue in the preceding quarter.
Skypicker has added business-to-business partnerships with companies in China, Russia, Scandinavia, and Brazil and with many brands in the Czech Republic.
The company has also improved the sophistication of its search tool, which now claims to offer "all of the low-cost airlines all over the world", but also one stop and two stops combinations of low-cost flights. It also recently bought WhichAirline, a rival metasearch site.
See the earlier Tnooz profile of Skypicker.