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SkySelect has raised $13.0M across 2 funding rounds.
Key people at SkySelect.
SkySelect has raised $13.0M in total across 2 funding rounds.
SkySelect offers an AI-powered digital platform for aircraft parts procurement. Its core product automates sourcing, procurement, and tracking of aerospace materials. Leveraging smart algorithms and robotic process automation, the platform facilitates touchless transactions, providing self-service software and full-service solutions to enhance operational efficiency for aviation.
SkySelect was founded in 2017 by industry veterans Erkki Brakmann, Rain Öpik, Soufiane Houri, and Tulika Dayal, drawing on their expertise in airlines, suppliers, and technology. Their insight identified the need to automate complex aviation material acquisition, bringing efficiency and transparency to manual procurement processes.
The platform serves aircraft material buyers and suppliers, including airlines and maintenance providers. SkySelect’s vision is to transform the aircraft material supply chain by fostering a more connected and efficient ecosystem. The company aims to make aerospace parts procurement transparent and automated, advancing industry standards.
SkySelect has raised $13.0M in total across 2 funding rounds.
SkySelect's investors include Audrey Capital, Bain Capital Ventures, Bessemer Venture Partners, Chemistry VC, Foundry Group, Garden City Companies, Initialized Capital, Lux Capital, NextGen Venture Partners, Osage University Partners, Techstars, Uncork Capital.
Key people at SkySelect.
SkySelect is a SaaS platform automating procurement for aircraft parts in the aviation sector, targeting airlines and MRO (maintenance, repair, and operations) organizations.[1][2][3] It streamlines sourcing, purchasing, order tracking, buying, selling, and repairing parts, addressing inefficiencies in a fragmented $100 billion market by providing visibility, real-time data, and collaboration tools.[1][2][3][4][5] Backed by investors like Bain Capital Ventures, Lux Capital, Initialized, FJ Labs, and others, the company—formerly DeltaBid—has raised $60K in a Series A round and shows growth momentum through recent €1M funding from Verb Ventures and a focus on AI-driven features.[1][2]
Founded in 2011 in San Francisco as DeltaBid, SkySelect rebranded to emphasize its aviation procurement mission, created by professionals from airlines, suppliers, and technology.[1][3] The leadership team includes CEO Erkki Brakmann, Chief Experience Officer Tia Dayal, CTO Rain Öpik, VP Operations & Implementation Jeroen van Duren, and CMO Anna Lepp, blending industry expertise with tech innovation.[3] Early traction came from automating manual processes in aviation supply chains, evolving into a modern platform amid growing demand for digital tools, with pivotal investor backing from Silicon Valley firms signaling scalability.[1][2][3]
SkySelect rides the wave of AI and automation transforming aviation's outdated supply chains, where manual procurement hampers efficiency in a $100 billion parts market.[2][5] Timing aligns with post-pandemic recovery in air travel, rising MRO demands, and investor interest in logistics tech—evidenced by Verb Ventures' €1M fund targeting such updates across global markets.[1] Market forces like supply shortages and pricing pressures favor its transparency and speed, influencing the ecosystem by enabling faster, safer transactions and competing with advanced AI tools like AIQuote in data-driven quoting.[5]
SkySelect is positioned to scale as aviation digitizes, with AI enhancements and new funding fueling expansion into buying/selling/repair ecosystems.[1][2][4] Trends like self-learning AI, dynamic pricing, and global supply chain resilience will shape its path, potentially challenging leaders by deepening intelligence beyond basic automation.[5] Its influence may grow through network effects in MROs and airlines, evolving from procurement tool to full-market disruptor—where the sky truly is the limit.[3]
SkySelect has raised $13.0M across 2 funding rounds. Most recently, it raised $10.0M Series A in January 2020.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Jan 1, 2020 | $10.0M Series A | Audrey Capital, Bain Capital Ventures, Bessemer Venture Partners, Chemistry VC, Foundry Group, Garden City Companies, Initialized Capital, Lux Capital, NextGen Venture Partners, Osage University Partners, Techstars, Uncork Capital, Bill Gates, Mark Solon | |
| Aug 1, 2018 | $3.0M Seed | Audrey Capital, Bain Capital Ventures, Bessemer Venture Partners, Chemistry VC, Foundry Group, Initialized Capital, NextGen Venture Partners, Techstars, Uncork Capital, Mark Solon |
