# Service Technologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/service-technologies

- Industry: Internet
- Headquarters: Beverly Hills, US
- Website: www.getservice.com
- Total disclosed funding: $4.6M
- Latest round: Seed (Sep 12, 2018)
- Investors on record: 8

## About

Service Technologies, Inc. is a firm focused on enhancing customer travel experiences through innovative flight assistance technologies and applications.Founded in 2015 in Beverly Hills, US, Service Technologies, Inc. specializes in flight assistance solutions. The company has undergone strategic shifts to optimize its service delivery. Led by CEO Bryan Lysaght, it has executed 6 deals, with its most recent funding round being a Seed round in July 2020, raising USD 1.50 mn from investors Flight Ventures, Rising Tide Fund, and Xfund. This amount equals the total funds raised to date.Service Technologies, Inc. provides a comprehensive flight assistance app that simplifies the travel experience for users by offering real-time flight status updates, calendar integrations, and support for compensation claims for flight delays or cancellations, recovering amounts up to USD 650. The company serves a variety of clients, including individual travelers and businesses across Europe, North America, and select regions in Asia. Its service portfolio has expanded to include travel insurance and 24/7 customer assistance, enhancing overall customer value.Service Technologies, Inc. generates revenue predominantly through its subscription service, which offers enhanced travel benefits. Clients can subscribe to access features such as flight and luggage insurance, as well as exclusive lounge access during disruptions. The pricing varies based on coverage options selected. Additionally, the company earns revenue by facilitating claims for compensation from airlines, taking a percentage of the amounts recovered, thus establishing a dual revenue model.In July 2020, Service Technologies, Inc. was acquired by ClaimCompass, Inc., a move that may influence its future strategic direction. The recent funding is expected to support the development of new features and services that align with its acquisition. There are plans to expand into new geographic markets, although specific regions and timelines have yet to be disclosed.

## Funding rounds

- Seed, Sep 12, 2018 — Streamlined Ventures
- Seed, Jun 20, 2017, $1.5M — Xfund, Rising Tide, Flight Ventures
- Seed, Sep 1, 2015, $3.1M — Menlo Ventures, Maveron, Founders Fund, Eight Venutres

## Investors

- Menlo Ventures (https://capitalatlas.ai/funds/menlo-ventures) — Seed
- Maveron (https://capitalatlas.ai/funds/maveron) — Seed
- Founders Fund (https://capitalatlas.ai/funds/founders-fund) — Seed
- Eight Venutres — Seed
- Xfund (https://capitalatlas.ai/funds/xfund) — Seed
- Rising Tide — Seed
- Flight Ventures (https://capitalatlas.ai/funds/flight-ventures) — Seed
- Streamlined Ventures (https://capitalatlas.ai/funds/streamlined-ventures) — Seed