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Portr completes £3.3m Series A round

Travel-tech startup Portr has completed a £3.3m Series A investment round to fund the expansion of its on-demand luggage delivery service, AirPortr, into new airports.

With AirPortr, customers book their bag-free journey from their smartphone in advance or on the day. Their luggage is then transported promptly and securely to or from the airport, freeing them up to travel more efficiently around the city, before being reunited later that day.

Investors in the recent funding round included two Venture Capital Trust Funds managed by leading London fund manager Hargreave Hale and a number of angel investors with backgrounds in SaaS, technology and on-demand services.

Portr has also secured a long-term agreement to operate at London Gatwick. With almost 40 million passengers annually Gatwick represents a major step up for the company providing direct access to 32% of London’s non-transferring traffic and a significant opportunity to grow the company’s user base.

Randel Darby, CEO and founder of Portr, said:  “Having worked hard to build a recognised service standard over the last twelve months in a challenging, typically risk-averse industry this week’s announcements are hugely exciting and progressive for a startup such as Portr.

“Having secured £3.3m of equity funding, we are now well positioned to grow the business at the World’s largest single runway airport, London Gatwick as well as continue to develop our faster travel products and technology, transforming transportation. One key area of development is our iOS operative app to support a truly mobile workforce. This enables our staff on the ground, being our user interface, to operate efficiently and with great flexibility from any location, servicing the customer’s every need – essential in larger airports and when testing new markets.”

 

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