Hotel WiFi specialist secures £1.7m to fund growth overseas
WARRINGTON based Airangel – a leading provider of guest WiFi solutions to the hospitality sector – has secured a £1.7m funding package from Santander Corporate & Commercial to support its further growth.
The company, which recently opened a new office in Dubai, is expanding rapidly across Europe, Middle East, Africa and Asia.
Clients for its software platform MyAirangel include IHG, Malmaison, Hotel du Vin, the Eden Project, Movenpick Hotels and Resorts.
The cloud-based system enables guests to access fast, high quality WiFi 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 (pictured), the current chairman and founder of Claremont Group Interiors, in 2002. It now manages WiFi 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.
Dean Wilkinson, the company’s CEO, 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 Santander Growth Capital and Richard Hennity, Relationship Director, Santander Corporate, arranged the transaction.
They said: “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.”
Ed Brentnall of Dow Schofield Watts Transaction Services which provided due diligence on behalf of Santander added: “Airangel is an exciting business with a first-class product and dynamic management team. We look forward to seeing the business continuing to grow into different territories and sectors.”