On 1st June, Frequency launched their equity crowdfunding campaign with a target of €350,000 in return for 21% equity in the business. Over the course of the next 30 days this campaign was promoted to the Spark Crowdfunding database of investors using webinars and other social media channels.
The campaign closed on 3rd July and achieved over €370,000 in investment from Irish investors. You would be hard-pressed to think of a more uncertain time in the history of the aviation industry, which makes the idea of success of this fundraising campaign all the more remarkable.
Delays cost airlines over €22bn annually. Airlines use an overly complicated web of 8 - legacy, predominately analog - communication channels on a daily basis. Frequency is building the first, aviation operations specific, communication and collaboration platform. Optimised for delay and disruption management.
Frequency proudly announces to be selected by Enterprise Ireland and Amazon to take part in their AWS Activate Program. Their support and $ 100 000 for AWS services will insure the scalability of our technology into the future.
From 474 applications in around 50 countries, 36 start-ups presented their innovative products and services before 250 senior aviation and travel industry executives and a high-level judging panel, including four airline CEOs, at a pitch day in Madrid.
Frequency is a smart device communication system that will replace and augment existing communication tools currently in use in the airline industry by using VoIP technology and the latest collaboration software to extract the benefits and discard the limitations of existing communication methods.