Speedinvest leads $3M seed round for French traveltech startup Fairlyne

Fairlyne, Paris-based resale-as-a-service provider for the travel industry, has announced $3 million in funding led by Austrian Speedinvest. The fresh capital will be used for the expansion and the development.

• Founded in 2021 by Gilles de Richemond and Michael d’EboIi, and Morgan Guerin, Fairlyne offers a SaaS product that enables tourism and travel operators to establish their own secondary market on their channels. The startup claims that it will help to generate additional revenue, boost brand loyalty, and create an exquisite customer experience. 
• The round was led by Vienna-based VC firm Speedinvest. It is the third recent investment for French startups: the first one is €4.1 million round for fintech startup finres, and €1.5 million round for carbon credit issuing and selling startup Riverse.

“Fairlyne is revolutionizing the travel industry by delivering an improvement in customer experience, empowering travelers to effortlessly resell their non-flex tickets. We are thrilled to support the exceptional team at Fairlyne, led by Gilles, Michael, and Morgan. We believe they are poised to seize the enormous opportunity presented by the re-awakened global travel market,”

Jeroen Arts, Partner at Speedinvest commented.

• French VC funds Evolem, Kima Ventures, the NY-based FJ Labs, and several business angel investors also participated. 
• The investment will be used to further develop the platform, accelerate the deployment of Fairlyne with enterprise clients across the travel industry, and to expand to new markets, including the US.