Hotel Wi-Fi firm secures £1.7m to fund overseas growth
Wi-Fi solutions company Airangel has secured a £1.7 million funding package from Santander Corporate & Commercial to support its further growth.
The Warrington-based firm recently opened a new office in Dubai and is expanding rapidly across Europe, Middle East, Africa and Asia.
Its software platform MyAirangel is now the number one solution in the hotel industry, with clients including IHG, Malmaison, Hotel du Vin, the Eden Project, Movenpick Hotels and Resorts.
CEO Dean Wilkinson 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.”
MyAirangel is also widely used in private rental sector apartment buildings with large-scale deployments in several prestigious developments in London.
The cloud-based platform enables guests to access fast, high quality Wi-Fi connections, in addition to providing hoteliers and property owners with valuable data insights to enable them to engage more with customers and personalise the guest experience.
Airangel, which employs around 40 staff, was set up by Mike Gardner, the current chairman and founder of Claremont Group Interiors, in 2002.
It now manages Wi-Fi connections to over 100,000 hotel rooms or apartments in 27 countries and has 18 million registered users.
The funding from Santander Growth Capital will enable Airangel to reach more overseas organisations, helping support the company’s ever growing demand.
Santander Corporate & Commercial aims to help business owners prosper by providing tailored support at every stage of their development.
The transaction was arranged by Philip Mason, director of Santander Growth Capital, and Richard Hennity, relationship director at Santander Corporate.
They said in a joint statement: “Airangel is an established and popular brand worldwide, with a strong management team and clear aspirations to become even more successful.
“Airangel have developed strong relationships with many leading names in the market, and we’re delighted to be supporting the company in its next phase of growth.”