Monarc Global redefines private aircraft travel with its automated tech solution

CEO Monarc Global Royce Crown

Monarc Global redefines private aircraft travel with its automated tech solution

CEO Monarc Global Royce Crown

Brisbane startup Monarc Global has launched an automated booking platform that it believes will transform how the private aircraft industry operates within Australia and soon the US. This follows the closing of a $500k seed round led by Brisbane Angels and Angel Loop, with investments from River City Labs Accelerator and Muru-d.

Their unique software gives private aircraft operators the ability to automate their quoting processes so that brokers, agents and the public can seamlessly find, book and pay for private aircraft travel in real-time.

Monarc Global’s technology offers the private aviation industry its first equivalent to the commercial Global Distribution Systems (GDS) on which airlines and carriers currently schedule their flights. GDS allows airlines to show live availability and instant pricing variations based on demand up to 18 months ahead of flight times.

Now a team of 13, Monarc Global was founded in 2017 after CEO, Founder and seasoned helicopter pilot Royce Crown was questioning why there was no live booking system for private aircraft.

Read the full article at TechInvest 

Brisbane startup is automating private flights

Brisbane startup is automating private flights

Flying private is often considered the lifestyle of the rich and famous, but Brisbane startup, Monarc Global has launched an automated booking platform that will transform how the private aircraft industry operates.

The company recently closed a $500,000 seed round led by Brisbane Angels and Angel Loop, with investments from River City Labs Accelerator and Muru-d. The money is aimed at helping international expansion into the US.

 

While private flights still aren’t close to commercial flights in terms of flights, they can be dramatically cheaper, say on an otherwise empty return flight.

 

Monarc’s special sauce is their unique software which gives private aircraft operators the ability to automate their quoting processes so that brokers, agents and the public can seamlessly find, book and pay for private aircraft travel in real-time.

 

Monarc Global’s technology offers the private aviation industry its first equivalent to the commercial Global Distribution Systems (GDS) on which airlines and carriers currently schedule their flights. GDS allows airlines to show live availability and instant pricing variations based on demand up to 18 months ahead of flight times.

 

Read the full article at techAU

How a 100% US client conversion rate helped this startup secure $500,000 in seed funding

How a 100% US client conversion rate helped this startup secure $500,000 in seed funding

Private aircraft booking startup Monarc Global has closed a $500,000 seed round, as it strives to meet an unexpected swathe of demand from the US.

Based in Brisbane, Monarc allows private aircraft operators to automate their quoting processes. Customers can find, book and pay for travel through a live booking system, as opposed to through a manual enquiry form, as operators have typically used.

Previously, the startup has raised $75,000, primarily through friends and family funding. The technology was launched in beta in Australia in October last year.

The $500,000 seed round was led by the Brisbane Angels, and Angel Loop, a consortium of Queensland angel investors. The River City Labs Accelerator fund and Muru-D also contributed.

Speaking to StartupSmart, Monarc founder and chief Royce Crown said he embarked on the seed round after a particularly successful trip to the US in September last year.

Crown was due to showcase the technology at an event, but also lined up “a few operator meetings”, he says.

“That turned into 98 meetings over six days and over eight states.”

What’s more, the startup saw a 100% conversion rate on those meetings.

“We actually got 98 operators signed up to use our technology even before we had it.”

Read the full article at smartcompany