Populetic
Handles claims and management between users and airlines.
| Date | Investors | Amount | Round |
|---|---|---|---|
| investor | €0.0 | round | |
* | €400k | Seed | |
| Total Funding | 000k | ||
| EUR | 2021 | 2022 |
|---|---|---|
| Revenues | 0000 | 0000 |
| % growth | - | 83 % |
| EBITDA | 0000 | 0000 |
| Profit | 0000 | 0000 |
| % profit margin | (18 %) | - |
| EV | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 |
Source: Company filings or news article
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Based in Sabadell, Spain, Populetic is a legal services company operating in the air transport sector. The firm was established in 2012 to address the market of passenger claims against airlines.
The company's core business revolves around managing and resolving claims for air passengers who have experienced issues such as flight delays, cancellations, overbooking, and luggage incidents. Populetic serves as a mediator between individual consumers and airlines, simplifying the often complex process of obtaining compensation. The business model is structured on a commission basis, specifically a "no-win, no-fee" approach. Populetic earns a 25% commission on the compensation successfully recovered from the airline, with no upfront costs for the user.
The service is delivered through an online platform where clients can submit their case details and necessary documentation, such as boarding passes and identification. Populetic then takes over the claims process, handling all communication and legal steps required to secure the payout. This approach is designed to increase the number of passengers who file for rightful compensation, a figure that has been historically low.
Populetic has undergone several funding rounds to fuel its growth and international expansion. After an initial seed amount, the company secured a significant €400,000 investment in April 2018. This round was supported by Lanta Digital Ventures, along with notable figures from the tech industry like Tomás Diago, founder of Softonic, and Mauricio Prieto, a managing director at eDreams. This capital was earmarked for solidifying its presence in Spain, France, and Italy, and for further expansion across Europe. Iván Romera joined as CEO in 2017 to spearhead operations and lead this international growth phase. Another key figure mentioned in the company's early stages is David Ciudad.
Keywords: passenger rights, airline claims, flight compensation, flight delay claim, luggage claim, overbooking compensation, legal tech, travel claims, consumer rights, air passenger rights, no-win no-fee, claims management, European airline regulations, online legal services, travel disruption, Lanta Digital Ventures, Sabadell startup, Iván Romera, Tomás Diago, Mauricio Prieto