Row 44 Receives $45 Million InvestmentTuesday, June 12, 2012
Inflight entertainment provider Row 44 received a $45 million round of financing led by a German software development and content creation firm.
The Westlake Village-based firm will use the money to expand infrastructure to support new airlines using their broadband Wi-Fi service and to invest in programming that its customers find valuable, company officials said.
Advanced Inflight Alliance led the funding round, which included participation by PAR Capital Management, an existing investor in Row 44. Advanced Inflight will have a minority stake in Row 44.
“As the world’s foremost expert in inflight content, AIA has made a key investment in Row 44, and in our ability to grow and evolve the passenger experience with inflight entertainment,” Row 44 CEO John LaValle said in a prepared statement.
Earlier this month, the company signed Icelandair to use its on-board Wi-Fi service, the fourth airline using Row 44.
Mark R. Madler