MIF invests €1.2m in MI Airline

The deal marks MI Airline's second round of funding. The capital will be used to pursue the international roll-out of MI Airline's tablet technology across airlines.

MIF is a Dutch venture fund managed by Rabo Private Equity. The vehicle was set up with funding from Delft University of Technology, Rabo Bank, KLM (Royal Dutch Airlines) and Dutch airport operator Schiphol Group. The Dutch government is also an investor in the fund via its TechnoPartner Seed Capital Facility.

The fund invests exclusively in Dutch technology companies that serve the aviation industry, providing €500,000-1.5m to companies in early-stage or series-A and B rounds.

Company
Founded in 2010 and headquartered in Hoofddorp, MI Airline has developed a mobile app and back-end platform designed for tablets and smartphones for cabin crews. The app provides passenger data, real-time news and instructions for cabin crews, as well as online and offline point-of-sale technology.

The platform provides airline data to the cockpit crew, cabin crew members and ground agents in a secure integrated mobile app via its "mobile intranet" technology, as if the device was connected to an intranet.

People
Job Heimerikx is the CEO of MI Airline. Janneke Bik of MIF and Rabo Bank worked on the deal.

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• Topics
• Expansion
• Benelux
• Technology
• Netherlands
• Rabobank
• Rabo Private Equity